Annual Report the New South Wales Film and Television Office (Trading As Screen NSW) Is a Statutory Authority Of, and Principally Funded By, the NSW State Government

2010–11 SCREEN NSW Annual Report The New South Wales Film and Television Office (trading as Screen NSW) is a statutory authority of, and principally funded by, the NSW State Government. Level 43, MLC Centre 19 Martin Place Sydney NSW 2000 Hours of Business 9.00am–5.00pm Monday–Friday ISSN 1037-0366 In order to reduce our carbon footprint, only essential copies of the Annual Report have been printed for distribution. A digital version of the 2010–11 Annual Report is available from the Screen NSW website at www.screen.nsw.gov.au TABLE OF CONTENTS

01 Letter to the Minister 2 02 Message from the Chair and Chief Executive 3–4 03 Charter and Vision 5–6 04 Organisational Chart 7 05 Members of the Board 8–9 06 Year at a Glance 10–11 07 Independent Auditor’s Report 12–13 08 Financial Statements 14–31 09 Appendices 32–53

1 LETTER TO THE MINISTER 01

The Hon. George Souris MP Minister for Tourism, Major Events, Hospitality and Racing Minister for the Arts Parliament House Sydney NSW 2000

Dear Minister Pursuant to the provisions of Section 10 of the Annual Reports (Statutory Bodies) Act 1984 (NSW), we have pleasure in submitting to you the Annual Report of the New South Wales Film and Television Office (trading as Screen NSW) for the year ended 30 June 2011 for tabling in Parliament in accordance with the provisions of the Act. Yours sincerely

Helen Wright Tania Chambers Chair Chief Executive

2 MESSAGE FROM THE CHAIR AND CHIEF EXECUTIVE 02

In 2008, a strategic vision was set for the NSW Government incentives contributed NSW screen industry, with input from key to record levels of production activity being stakeholders across the private sector and from secured for NSW in 2010–11. Screen NSW Government. We set a clear direction for the approved Production Finance of $9.6 million future five years and prioritised how we could in 48 screen projects, which generated $143 jointly achieve it. million expenditure in NSW.* Screen NSW is pleased to report that we Screen NSW also provided development achieved key goals in 2010–11 and in doing funding of $1.23 million, which included so, we had a significant impact upon our development of 95 screen projects, 14 community, both culturally and economically. festival travel approvals, eight above-the-line We worked to “make NSW the premier attachments, two Producer Extension Scheme destination for screen production”. And we placements and five special development attracted and retained productions in NSW initiatives. Screen NSW also provided $150,000 through: to four projects through the Aurora Script Workshop, Screen NSW’s intensive script // encouraging effective film-friendly practices development program, $303,000 to 15 across a number of Government sectors; short film projects across three initiatives for // securing additional State Government finance emerging screen practitioners and $92,500 for our Production Fund, which triggered through the VFX Placement Scheme to support record levels of Federal and private sector five emerging visual effects (VFX) artists with moneys into NSW; placements in top Sydney-based post, digital // facilitating partnerships across industry to and VFX companies. build enterprise success; and // showcasing our highly skilled and world- class screen workforce and creativity to the international marketplace.

“NSW GoVERNMENT incentives contributed to record levels of production activity ” 3 A critical ecosystem exists in the screen content sector between locally-generated productions and larger-scale and/or international productions. In order for these latter productions to be attracted to NSW, it is essential that a skilled talent base exists, fuelled by on-going local production activity. To market the strengths of the NSW screen industry to global partners, Screen NSW provided location pitches for 273 international These core production and development and local screen projects, including feature programs build NSW’s capacity for screen films, factual productions, TV series, short content production and nurture future films and television commercials. Nine inbound generations of creative industries workers, who scouts were hosted for international companies will shape the cultural and economic direction such as Fox International Pictures (China) and of our State. Evergreen Films. Screen NSW ensured regional NSW shared in In 2010–11, a balance between local and the economic and cultural benefits of screen larger-scale and international productions was production by providing $442,000 to five achieved, with large budget feature filmsThe screen projects through the Regional Film Fund, Great Gatsby, Paradise Lost and Walking With which leveraged over $1.9 million expenditure Dinosaurs secured for production in 2010–11 or in the Blue Mountains, Trundle, Albury, 2011–12, through targeted Screen NSW location Wilberforce and Ballina. support and production attraction activities and investment incentives provided through the Audiences have responded strongly Department of Trade and Investment. to productions supported by the NSW Government, many of which have also A further highlight in 2010–11, was the naming achieved critical and commercial success. of Sydney as a UNESCO City of Film, which These productions have showcased NSW recognises Sydney’s international reputation locations, communities and lifestyles to national as a world-class centre for screen production, and international audiences and key tourism promotion and exhibition. markets: In the 2011–12 financial year, Screen NSW will // Screen NSW-funded feature films screened continue to provide invaluable support to in the main competition and Un Certain the sector: stimulating investment and jobs, Regard at the Cannes International Film promoting innovation in screen content and Festival, Sydney Film Festival and the Toronto technology, and championing the contribution Film Festival and local box office figures the industry makes to our culture, economy and have been strong. The first China–NSW community. co-production, 33 Postcards, starring Guy Pearce and Claudia Karvan, screened at both the Sydney International Film Festival and the Shanghai International Film Festival; and // Television projects supported by Screen NSW have reached record audiences. These include the children’s drama series Dance Helen Wright Tania Chambers , which aired across Germany, Academy Chair Chief Executive France, Italy, Ireland and New Zealand and the TV series East West 101 Series 3, which screened in 97 countries globally.

*$7.9 million was contracted for 43 screen projects in 2010–11 and a further $1.5 million for 5 additional projects to be contracted in 2011–12. 4 C hARTER and vision 03

Charter Our Vision The New South Wales Film and Television Screen NSW stimulates creative and business Office (FTO) is a statutory authority established opportunities in the screen industry. We under the NSW Film and Television Office Act promote innovation in screen content and 1988 (NSW), amended 1996 (‘the Act’). technology, and champion the contribution The main functions of the Office, set out in the NSW screen industry makes to our culture, Section 6 of the Act (1996), are: economy and society. A to provide financial and other assistance to the We value film and television industry in carrying out the // The creation of compelling industry’s activities in New South Wales and to screen experiences. disseminate information about those activities; // Creative talent and technical expertise. B to provide financial and other assistance for persons (including directors, producers, actors, // Diversity in content, formats, production writers and technicians) whose work in the film approaches and delivery platforms. and television industry merits encouragement; // Partnerships and collaboration. C to provide financial and other assistance for // Transparency, integrity and equality script and project development for film and of access. television; // The exchange of current and D to contribute, financially and otherwise, to relevant information. the work of film festivals and markets; // Professionalism and respect. E to assist in the promotion of public interest // Responsiveness, flexibility and adaptability. in film as a medium of communication and as an art form and in the development of an informed and critical film audience; F to provide policy and support services and advice to Government agencies on the production of films and sound recordings; G to advise the Minister on the operation of the film and television industry in New South Wales; H to undertake the production of films or “ sound recordings on its own behalf or for any SCREEN NSW other person, body or organisation (including STIMULATES any Government agency); and CREATIVE I to carry out such obligations and responsibilities determined by the Minister as AND BUSINESS may be necessary for the maintenance and OPPORTUNITIES administration of the film catalogue vested in the Office. IN THE SCREEN INDUSTRY ” 5 C hARTER and vision (continued)

Screen NSW’s vision for the NSW screen industry in 2013 // Both the Government and the community We believe that will value the NSW screen industry for its economic, cultural and social contribution to // The screen industry is at the core of media the State. and information communications and lies at the heart of all activities in a modern State. // The NSW screen industry will: Our screen industry makes a significant —— be known locally and internationally for contribution to our society: socially, culturally its creativity, innovation, excellence and and economically. opportunity for career development; // Development and support of the screen —— harness new technologies; industry is a necessary part of maintaining —— be comprised of highly skilled creative the vitality of the NSW economy as a whole. professionals who continually seek to // Diversity in screen content, culture and improve their skills and reflect the cultural creation is important. We work towards diversity of NSW; creating opportunities for the widest —— have developed viable business models for possible diversity of people to participate creating and financing robust, agile and in the making, viewing and appreciation of varied businesses and creative content in screen content. the digital environment; // The digital age is here. The world no longer —— have developed strong partnerships and sees screen as purely film or television. collaborations locally and internationally; People now make, share and see moving images on digital formats and platforms at —— have a healthy industry ecosystem, home, work, school, in the cinema and on comprised of small, medium and large the move in cars, planes and trains. Screen enterprises working together effectively; and NSW needs to be flexible to adapt to the —— be engaged in 360-degree commissioning, implications of the digital age. so that creative ideas are developed to be // We have a key role in driving the suitable for a range of media and platforms. development of a strategic and integrated // NSW will be friendly to the screen industries screen policy across New South Wales, and in terms of doing business. Locally-created across the screen industries. and inbound production will be increased, // Our role is to invest time, energy and with NSW capturing an increasing share of resources in the future of a robust, agile and production activity. varied screen industry. // NSW community will have increased // Our role is to stimulate compelling screen engagement with all forms of screen content. experiences and provide high quality service Metropolitan and regional audiences will to screen practitioners. benefit from flourishing screen culture, with access to a wide range of product on many platforms.

6 organisational chart (as at 30 June 2011) 04

Minister for the Arts

Director General, Department of Trade and Investment, Regional Infrastructure and Services

Deputy Director General, Industry, Innovation and Investment

Screen NSW Board

Chief Executive — Tania Chambers

Executive Assistant — Zowie Udowenko

Stakeholder Creative and Business Creative Production Relations Enterprise Affairs Partnerships Attraction Development

Manager Director Business Affairs Director Director Kya Blondin Megan Simpson Manager Ashley Luke Paul de Carvalho Marketing Huberman Karen Telfer Coordinator, A/Senior and Industry Senior Business Affairs EFF and VFX Production Development Development Executive Agnieszka Attraction Officer Executive Samantha Fake Kolaczkowski Executive Sandra Stockley Nerida Moore Business Affairs Coordinator, Cheryl Conway Development Officer Aurora Production Executive Michael Barber Louise Blue Attraction Samantha Business Affairs Executive Jennings Coordinator Kate Cunningham Development Lorraine Cox Production Executive Attraction Katherine Slattery Executive Development Shannon Wheeler Executive Production Stephan Moore Attraction Assistant, Creative Coordinator and Enterprise Mariangela Development Angelucci Anna Yanatchkova

Screen NSW would like to acknowledge the following personnel that also contributed during 2010–11: Martin Williams, Cynthia Meyer, Valerie Allerton, Ali Malone, Alan Harris, Joan Sauers, Ned Landers, Paul Bennett, Brendon Berndt, Karen Radzyner, Sue Taylor, Lauren Edwards and Rhea Stephenson. Details of Staff Movements are in Appendix 14. 7 M eMBERS of the Board 05 Helen Wright (Chair) Appointed as Chair to 31 December 2013 The Board of Screen NSW is constituted by Ms Wright holds a Bachelor Section 6 of the NSW Film and Television Office of Laws from UNSW, has Act 1988 (NSW). attended the Harvard Section 6 stipulates that ‘the Board is to consist Graduate School of Business, of seven members nominated by the Minister and was a Partner at leading and appointed by the Governor. At least one Australian law firm Freehills of the members is to be from outside the film for 18 years. Ms Wright sits on and television industry. Of the other members, the Board of Australian Leisure one is to be appointed Chairperson of the & Entertainment Property Board (whether by the instrument of the Management Limited, and member’s appointment as a member or by she is both the Statutory and another instrument executed by the Governor). Remuneration Tribunal and The Chairperson is to be a member appointed also the Local Government from outside the film and television industry.’ Remuneration Tribunal. The Screen NSW Board was appointed on 1 January 1977. The Members of the Board as at 30 June 2011 are:

Geoffrey Atherden Reappointed for 3 years to 31 December 2013 Screenwriter. Credits include Stepfather of the Bride, Grass Roots and Mother and Son. Screen NSW Board member from 1997 to 2001. President of Australian Writers’ Foundation. Former President of the Australian Writers’ Guild. In 2009, Geoffrey was made a Member of the Order of Australia in the Australia Day Honours.

8 Rosemary Blight Sue Murray Patricia Rothkrans Reappointed for 3 years Appointed for 3 years Appointed for 3 years to 31 December 2012 to 31 December 2013 to 31 December 2011 Principal partner of Goalpost Sue Murray has worked in Co-director of The Heaton Pictures Australia. Producer the film industry since 1977. Group. Former CEO Ausfim of Panic At Rock Island, She is Executive Director of (2000–2005) and member The Eternity Man, Clubland, Fandango Australia where of the Ausfilm board (1998- Stepfather of the Bride, In she executive produced films 1999). Previously Manager of The Winter Dark, Fresh Air, including Rolf de Heer’s Dr FTO Production Liaison Unit Small Claims and Love is a Plonk and Ten Canoes, and (1998–1999), graduated from Four Letter Word. Executive Alkinos Tsilimidos’ Tom White. AFTRS and has worked in the Producer of feature filmElise She is also a consultant to a film industry since 1980. and The Tree. range of film agencies and producers and, with the company filmarketing, Details of Board Meetings worked on the marketing and Committees are in strategies for Son of a Lion, Appendices 22A and 22B. My Tehran For Sale, Sampson & Delilah and Little Sparrows.

Darren Dale Appointed for 3 years to 31 December 2013 Company director of Blackfella Films since 2001. Independent screen producer including landmark multi-platform Ken Reid history series First Australians, Reappointed for 3 years The Tall Man and Redfern the to 31 December 2012 Musical. Co-curator of the Partner with KPMG and film program for the Message Head of Media practice in Sticks Indigenous Film Australia. Ken’s client focus is Festival since 2002. Darren on television, publishing and is a Bundjalung man from new media. Former head of northern NSW. finance for an independent music recording and publishing group in the UK.

9 Y eAR At A Glance 06

June 2011 The final tranche of production funding by Screen NSW in 2010–11 is announced. Overall, $9.6 million approved investments in 48 screen projects, leveraging $143 million production expenditure in NSW. For every $1 invested $15 has been expended in the State.

June 2011 X|Media|Lab Conference and Lab — Global Media Ideas, annual international summit held at Sydney Opera House as part of Vivid Sydney.

June 2011 Screen NSW supports the Sydney Opera House in presenting the Graphic Festival, a celebration of the graphic world’s print, pixel and pop creators over a weekend of graphic storytelling, animation and music.

June 2011 The 59th Sydney Film Festival takes place, with box office takings jumping 5 per cent to $1.2 million from 2010. Seven Screen NSW-funded projects screen at the festival, including two in competition, Sleeping Beauty and Toomelah.

May 2011 Screen NSW-funded feature films,Sleeping Beauty and Toomelah, are officially selected and screen in the prestigiousCannes International Film Festival 2011.

April 2011 Aurora script workshops — Five project teams participate in a series of intensive workshops across five days, with local and international advisors, including Olivia Stewart, Anne Carey, Andrew Bovell and Jocelyn Moorhouse.

March 2011 Screen NSW-funded television series, Lockie Leonard 2, wins AIMIA Award for Best Cross Platform.

February 2011* NSW Government secures production of Baz Luhrmann’s 3D filmThe Great Gatsby — injecting more than $120 million into the NSW economy and supporting more than 825 jobs.

February 2011* Screen NSW-funded children’s television series, My Place and Dance Academy, win major awards at KidScreen in New York.

January 2011* The NSW Government secures work on eight major film and television productions for the State—including Walking with Dinosaurs 3D, the 3D conversion of Harry Potter and the Deathly Hallows Part 2, Prometheus, Thor, Captain America: The First Avenger, Home, Razor (Underbelly 4) and Crownies — creating more than 800 new jobs and an $80 million investment in NSW.

10 January 2011 2010 declared a standout year in box office success for NSW films, with Tomorrow When The War Began taking $13.5 million and Animal Kingdom taking $4.9 million at the local box office, andLegend of The Guardians: The Owls of Ga’Hoole taking over $100 million at the international box office.

January 2011 Screen NSW-funded feature film,Mad Bastards, screens in the World Cinema Dramatic Competition at the Sundance Film Festival.

December 2010 Sydney crowned a UNESCO City of Film, which recognises Sydney’s international reputation as a world-class centre for screen production, promotion and exhibition.

December 2010* NSW Government launches the Digital Media Initiative to support innovative digital media content projects that will be distributed on internet, wireless, mobile, or other emerging platforms or devices.

December 2010 $175,000 for seven short films funded through the Screen NSWEmerging Filmmakers Fund.

November 2010 Screen NSW-funded documentary, Lani’s Story, wins two awards at the United Nations Association of Australia Media Peace Awards 2010.

November 2010 Five digital screen artists placed in leading film and television post, digital and VFX companies through Screen NSW Visual Effects Placement Scheme.

November 2010 SPAA Conference held in Sydney over three days with over 600 local and international screen producers.

October 2010 Screen NSW hosts a two-day Format Development Workshop with BAFTA Award winning UK Development Producer, Nick Hopkin.

October 2010 Screen NSW-funded feature films, Oranges and Sunshine, Lou and The Reef screen at the Pusan International Film Festival.

September 2010 Screen NSW hosts business partnership event as part of Small Business September 2010.

September 2010* International television broadcast industry conference, INPUT, secured for Sydney in 2012.

August 2010 Screen NSW-funded television series, East West 101 Season 2, wins Accolade Award for Excellence in Los Angeles.

* Secured through screen incentives administered through NSW Trade & Investment and the production attraction activities of Screen NSW’s Production Attraction Team. 11 I ndePENdent Auditor’s Report 07

12 13 FINANCIAL STATEMENTS New South Wales Film and Television Office

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE 08

Start of audited Financial Statements

StatementStatement of comprehensiveof comprehensive income for incomethe year ended for 30the June year 2011 ended 30 June 2011

2011 2010 Notes $’000 $’000 Revenue Investment revenue 2(a) 522 340 Grants and contributions 2(b) 13,921 13,811 Other revenue 2(c) 765 782 Total Revenue 15,208 14,933

Expenses excluding losses Operating expenses Personnel services 3(a) 2,175 2,221 Board members 3(b) 93 41 Other operating expenses 3(c) 1,767 1,362 Depreciation and amortisation 3(d) 27 118 Grants and subsidies 3(e) 10,475 8,471 Total expenses excluding losses 14,537 12,213

Gain / (loss) on disposal 4 (3) (210)

Other gains / (losses) 5 0 (150)

SURPLUS / (DEFICIT) FOR THE YEAR 668 2,360

Other comprehensive income for the year 0 0

TOTAL COMPREHENSIVE INCOME FOR THE YEAR 668 2,360

The accompanying notes form part of these financial statements.

FINANCIAL STATEMENTS FINANCIAL STATEMENTS – NEW SOUTH WALESNew South FILM ANDWales TELEVISION Film and OFFICETelevision Office

StatementStatement of financialof financial position asposition at 30 June 2011as at 30 June 2011

2011 2010 Notes $’000 $’000 ASSETS Current Assets Cash and cash equivalents 6 10,447 8,265 Receivables 7 610 1,201 Total Current Assets 11,057 9,466

Non-Current Assets Plant and equipment 8 49 79 Intangible assets 9 37 0 Total Non-Current Assets 86 79

Total Assets 11,143 9,545

LIABILITIES Current Liabilities Payables 11 3,316 2,243 Provisions 12 187 193 Other 13 16 16 Total Current Liabilities 3,519 2,452

Non-Current Liabilities Other 13 0 137 Total Non-Current Liabilities 0 137

Total Liabilities 3,519 2,589

Net Assets 7,624 6,956

EQUITY Accumulated funds 7,624 6,956 Total Equity 7,624 6,956

TheFINANCIALFINANCIAL accompanying STATEMENTS STATEMENTS notes form part –of NEW –these NEW financialSOUTH SOUTH statements. WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE

StatementStatementStatement of of changesof changes changes in inequity equity in for forequity the the year year endedfor ended the 30 30 June year June 2011 2011ended 30 June 2011

AccumulatedAccumulated TotalTotal FundsFunds $’000$’000 $’000 $’000 BalanceBalance at at1 July1 July 2010 2010 6,9566,956 6,956 6,956 SurplusSurplus / (deficit) / (deficit) for for the the year year 668668 668 668 OtherOther comprehensive comprehensive income income 0 0 0 0 TransactionsTransactio nswith with owners owners in theirin their capacity capacity as asowners owners 0 0 0 0 BalanceBalance at at30 30 June June 2011 2011 7,6247,624 7,624 7,624

BalanceBalance at at1 July1 July 2009 200 9 4,5964,596 4,596 4,596 SurplusSurplus / (deficit) / (deficit) for for the the year year 2,3602,360 2,360 2,360 OtherOther comprehensive comprehensive income income 0 0 0 0 TransactionsTransactions with with owners owners in theirin their capacity capacity as asowners owners 0 0 0 0 BalanceBalance at at30 30 June June 2010 2010 6,9566,956 6,956 6,956

TheThe accompanying accompanying notes notes form form part part of ofthese these financial financial statements. statements.

FINANCIALFINANCIALFINANCIAL STATEMENTS STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE New South Wales Film and Television Office

StatementStatementStatement of of cashof cash cash flows flows forflows for the the year yearfor ended endedthe 30 year30 June June 2011ended 2011 30 June 2011

20112011 20102010 NotesNotes $’000$’000 $’000$’000 CASHCASH FLOWS FLOWS FROM FROM OPERATING OPERATING ACTIVITIES ACTIVITIES PaymentsPayments PersonnelPersonnel services services and and Board Board members members (2,263)(2,263) (2,207) (2,207) GrantsGrants and and subsidies subsidies (10,475)(10,475) (8,561) (8,561) OtherOther (2,101)(2,101) (1,544) (1,544) TotalTotal Payments Payments (14,839)(14,839) (12,312) (12,312)

ReceiptsReceipts InterestInterest received received 417417 270270 GrantsGrants and and contributions contributions 13,91013,910 13,876 13,876 OtherOther 2,1582,158 465465 TotalTotal Receipts Receipts 16,48516,485 14,611 14,611

NETNET CASH CASH FLOWS FLOWS FROM FROM OPERATING OPERATING ACTIVITIES ACTIVITIES 1616 1,6461,646 2,2992,299

CASHCASH FLOWS FLOWS FROM FROM INVESTING INVESTING ACTIVITIES ACTIVITIES ProceedsProceeds from from sale sale plant plant and and equipment equipment 0 0 1 1 PurchasesPurchases of ofplant plant and and equipment equipment (37)(37) (31)(31) RepaymentRepayment of ofProduction Productio Loann Loan Fund Fund advances advances 635635 210210 AdvancesAdvances from from Production Production Loan Loan fund fund (62)(62) (581)(581) NETNET CASH CASH FLOWS FLOWS FROM FROM INVESTING INVESTING ACTIVITIES ACTIVITIES 536536 (401)(401)

CASHCASH FLOWS FLOWS FROM FROM FINANCING FINANCING ACTIVITIES ACTIVITIES 0 0 0 0

NETNET INCREASE INCREASE / (DECREASE) / (DECREASE) IN INCASH CASH 2,1822,182 1,8981,898 OpeningOpening cash cash and and cash cash equivalents equivalents 8,2658,265 6,3676,367 CLOSINGCLOSING CASH CASH AND AND CASH CASH EQUIVALENTS EQUIVALENTS 6 6 10,44710,447 8,2658,265

TheThe accompanying accompanying notes notes form form part part of ofthese these financial financial statements. statements.

FINANCIAL STATEMENTS – NEW SOUTH WALES FINANCIALFILM AND TELEVISION STATEMENTS OFFICE New South Wales Film and Television Office

Notes to theto financialthe financial statements statements

1. Summary of Significant Accounting Policies

(a) Reporting Entity

The New South Wales Film and Television Office (FTO) as a reporting entity, is a statutory body of the NSW State Government. It trades as Screen NSW and its activities relate to the promotion of and assistance to, the NSW film and television industry.

The FTO is a not-for-profit entity (as profit is not its principal objective) and it has no cash generating units. The reporting entity is consolidated as part of the NSW Total State Sector Accounts.

These financial statements for the year ended 30 June 2011 have been authorised for issue by the Board on 20 October 2011.

(b) Basis of Preparation

The FTO’s financial statements are general purpose financial statements which have been prepared in accordance with:

• the Australian Accounting Standards (which include Australian Accounting Interpretations)

• the Public Finance and Audit Act 1983 and the Public Finance and Audit Regulation 2010 and

• the Treasurer Directions.

Plant and equipment and financial assets at ‘fair value through profit or loss’ and available for sale are measured at fair value. Other financial statement items are prepared in accordance with the historical cost convention.

Judgements, key assumptions and estimations management has made are disclosed in the relevant notes to the financial statements.

All amounts are rounded to the nearest one thousand dollars and are expressed in Australian currency.

The financial statements and notes comply with Australian Accounting Standards, which include Australian Accounting Interpretations.

(d) Insurance

The FTO’s insurance activities are conducted through the NSW Treasury Managed Fund Scheme of self insurance for Government agencies. The expense (premium) is determined by the Fund Manager based on past claim experience.

(e) Accounting for the Goods and Services Tax (GST)

Income, expenses and assets are recognised net of the amount of GST, except that:

• the amount of GST incurred by the FTO as a purchaser that is not recoverable from the Australian Taxation Office is recognised as part of the cost of acquisition of an asset or as part of an item of expense and • receivables and payables are stated with the amount of GST included.

Cash flows are included in the statement of cash flows on a gross basis. However, the GST components of cash flows arising from investing and financing activities which is recoverable from, or payable to, the Australian Taxation Office are classified as operating cash flows.

(f) Income recognition

Income is measured at the fair value of the consideration or contribution received or receivable. Additional comments regarding the accounting policies for the recognition of income are discussed below.

(i) Sale of goods

Revenue from the sale of goods is recognised as revenue when FTO transfers the significant risks and rewards of ownership of the assets.

(ii) Rendering of services 17

Revenue is recognised when the service is provided or by reference to the stage of completion (based on labour hours incurred to date).

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

Notes to the financial statements

1. Summary of Significant Accounting Policies

(a) Reporting Entity

The FTO is a not-for-profit entity (as profit is not its principal objective) and it has no cash generating units. The reporting entity is consolidated as part of the NSW Total State Sector Accounts.

These financial statements for the year ended 30 June 2011 have been authorised for issue by the Board on 20 October 2011.

(b) Basis of Preparation

The FTO’s financial statements are general purpose financial statements which have been prepared in accordance with:

• the Australian Accounting Standards (which include Australian Accounting Interpretations)

• the Public Finance and Audit Act 1983 and the Public Finance and Audit Regulation 2010 and

• the Treasurer Directions.

Judgements, key assumptions and estimations management has made are disclosed in the relevant notes to the financial statements.

All amounts are rounded to the nearest one thousand dollars and are expressed in Australian currency.

The financial statements and notes comply with Australian Accounting Standards, which include Australian Accounting Interpretations.

(d) Insurance

(e) Accounting for the Goods and Services Tax (GST)

Income, expenses and assets are recognised net of the amount of GST, except that:

(f) Income recognition

Income is measured at the fair value of the consideration or contribution received or receivable. Additional FINANCIALcomments regarding the accounting STATEMENTS policies for the recognition of income are discussed below.

New South(i) Sale Wales of goods Film and Television Office

Revenue from the sale of goods is recognised as revenue when FTO transfers the significant risks and Notesrewards to the of ownership financial of the statementsassets. (continued)

(ii) Rendering of services FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE Revenue is recognised when the service is provided or by reference to the stage of completion (based on labour hours incurred to date).

(iii) Investment revenue

Interest revenue is recognised using the effective interest method as set out in AASB 139 Financial Instruments: Recognition and Measurement. Rental revenue is recognised in accordance with AASB 117

Leases on a straight-line basis over the lease term. Royalty revenue is recognised in accordance with AASB 118 Revenue on an accrual basis in accordance with the substance of the relevant agreement. Dividend revenue is recognised in accordance with AASB 118 when the FTO’s right to receive payment is established.

(iv) Grants and contributions

Grants and contributions include donations and grants from the Department of Trade and Investment, Regional Infrastructure and Services. They are generally recognised as income when the FTO obtains control over the assets comprising the grants and contributions. Control over grants and contributions are normally obtained when the obligations relating to the receipt have been met.

(g) Recognition of Production Investment Grants

Production Investment grants are recognised as an expense at the time when all formal contract documentation has been fully executed by all parties and the contract is covered by a performance guarantee. Where Production Investment grant contracts are not covered by a performance guarantee, expenses are recognised as an expense when required milestones have been achieved.

(h) Other Funding Programs

Expenses for other programs are also recognised as an expense where formal contract documentation has been fully executed, and required milestones have been achieved. The 2011 result includes contracts that had been executed in prior years.

(i) Personnel Services

(i) Personnel Services Arrangements

Staff working at the FTO are considered employees of the Department of Trade and Investment, Regional Infrastructure and Services. All payments to personnel and related obligations are done in the name of the Department of Trade and Investment, Regional Infrastructure and Services and are classified as “Personnel Services” costs in these financial statements.

(ii) Personnel Services for Salaries and wages, annual leave, sick leave and on-costs

Liabilities for salaries and wages (including non-monetary benefits) and annual leave and paid sick leave that are due to be settled within 12 months after the end of the period in which the employees render the services are recognised and measured in respect of employees’ services up to the reporting date at undiscounted amounts based on the amounts expected to be paid when the liabilities are settled.

Long-term annual leave that is not expected to be taken within twelve months is measured at present value in accordance with AASB 119 Employee Benefits.

Unused non-vesting sick leave does not give rise to a liability as it is not considered probable that sick leave taken in the future will be greater than the benefits accrued in the future.

The outstanding amounts of payroll tax, workers’ compensation insurance premiums and fringe benefits tax, which are consequential to employment, are recognised as liabilities and expenses where the employee benefits to which they relate have been recognised.

(iii) Personnel Services for Long service leave and superannuation

The FTO’s liabilities for long service leave are assumed by the Crown Entity. The FTO accounts for the liability as having been extinguished; resulting in the amount assumed being shown as part of the non- monetary revenue item described as “Personnel services benefits and liabilities provided free of charge by the Department of Trade and Investment, Regional Infrastructure and Services”.

Long service leave is measured at present value in accordance with AASB 119 Employee Benefits. This is based on the application of certain factors (specified in NSWTC 11/06) to employees with five or more years 18 of service, using current rates of pay. These factors were determined based on an actuarial review to approximate present value.

The superannuation expense for the financial year is determined by using the formulae specified in the Treasurer’s Directions. The expense for certain superannuation schemes (i.e. Basic Benefit and First State Super) is calculated as a percentage of the employees’ salary. For other superannuation schemes (i.e. State Superannuation Scheme and State Authorities Superannuation Scheme), the expense is calculated as a multiple of the employees’ superannuation contributions.

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

(iii) Investment revenue

Interest revenue is recognised using the effective interest method as set out in AASB 139 Financial Instruments: Recognition and Measurement. Rental revenue is recognised in accordance with AASB 117 Leases on a straight-line basis over the lease term. Royalty revenue is recognised in accordance with AASB 118 Revenue on an accrual basis in accordance with the substance of the relevant agreement. Dividend revenue is recognised in accordance with AASB 118 when the FTO’s right to receive payment is established.

(iv) Grants and contributions

(g) Recognition of Production Investment Grants

(h) Other Funding Programs

(i) Personnel Services

(i) Personnel Services Arrangements

(ii) Personnel Services for Salaries and wages, annual leave, sick leave and on-costs

Long-term annual leave that is not expected to be taken within twelve months is measured at present value in accordance with AASB 119 Employee Benefits.

Unused non-vesting sick leave does not give rise to a liability as it is not considered probable that sick leave taken in the future will be greater than the benefits accrued in the future.

(iii) Personnel Services for Long service leave andFINANCIAL superannuation STATEMENTS

The FTO’s liabilities for long service leave are assumedNew bySouth the Crown Wales Entity. FilmThe FTO and accounts Television for the Office liability as having been extinguished; resulting in the amount assumed being shown as part of the non- monetary revenue item described as “Personnel services benefits and liabilities provided free of charge by Notesthe to Department the financial of Trade and statements Investment, Regional (continued) Infrastructure and Services”.

Long service leave is measured at present value in accordance with AASB 119 Employee Benefits. This is based on the application of certain factors (specified in NSWTC 11/06) to employees with five or more years of service, using current rates of pay. These factors were determined based on an actuarial review to approximate present value.

The superannuation expense for the financial year is determined by using the formulae specified in the Treasurer’s Directions. The expense for certain superannuation schemes (i.e. Basic Benefit and First State FINANCIALSuper) is STATEMENTS calculated as a percentage – NEW SOUTH of the employees’ WALES salary. FILM For AND other TELEVISION superannuation OFFICEschemes (i.e. State Superannuation Scheme and State Authorities Superannuation Scheme), the expense is calculated as a multiple of the employees’ superannuation contributions.

(j) Assets

(i) Acquisition of assets

The cost method of accounting is used for the initial recording of all acquisitions of assets controlled by the FTO. Cost is the amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire the asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when initially recognised in accordance with the specific requirements of other Australian Accounting Standards.

Assets acquired at no cost, or for nominal consideration, are initially recognised at their fair value at the date of acquisition.

Fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.

Where payment for an asset is deferred beyond normal credit terms, its cost is the cash price equivalent, i.e. deferred payment amount is effectively discounted at an asset-specific rate.

(ii) Capitalisation thresholds

Plant and equipment and intangible assets costing $5,000 and above individually (or forming part of a network costing more than $5,000) are capitalised.

(iii) Revaluation of plant and equipment

Physical non-current assets are valued in accordance with the “Valuation of Physical Non-Current Assets at Fair Value” Policy and Guidelines Paper (TPP 07-01). This policy adopts fair value in accordance with AASB 116 Property, Plant and Equipment.

Plant and equipment is measured on an existing use basis, where there are no feasible alternative uses in the existing natural, legal, financial and socio-political environment. However, in the limited circumstances where there are feasible alternative uses, assets are valued at their highest and best use.

Fair value of plant and equipment is determined based on the best available market evidence, including current market selling prices for the same or similar assets. Where there is no available market evidence, the asset’s fair value is measured at its market buying price, the best indicator of which is depreciated replacement cost.

Non-specialised assets with short useful lives are measured at depreciated historical cost, as a surrogate for fair value.

(iv) Impairment of plant and equipment

As a not-for-profit entity with no cash generating units, the FTO is effectively exempted from AASB 136 Impairment of Assets and impairment testing. This is because AASB 136 modifies the recoverable amount test to the higher of fair value less costs to sell and depreciated replacement cost. This means that, for an asset already measured at fair value, impairment can only arise if selling costs are material. Selling costs are regarded as immaterial.

(v) Depreciation of plant and equipment

Depreciation is provided for on a straight-line basis for all depreciable assets so as to write off the depreciable amount of each asset as it is consumed over its useful life to the FTO.

All material separately identifiable components of assets are depreciated over their shorter useful lives. 19 Default asset class lives are:

Office furniture and fittings 10 years Computer equipment 4 years General plant and equipment 7 years

Depreciation rates are reviewed and determined on an annual basis.

(vi) Restoration costs

The estimated cost of dismantling and removing an asset and restoring the site is included in the cost of an asset, to the extent it is recognised as a liability.

(vii) Maintenance

Day-to-day servicing costs or maintenance are charged as expenses as incurred, except where they relate to the replacement of a part or component of an asset, in which case the costs are capitalised and depreciated.

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

(j) Assets

(i) Acquisition of assets

Assets acquired at no cost, or for nominal consideration, are initially recognised at their fair value at the date of acquisition.

Fair value is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction.

Where payment for an asset is deferred beyond normal credit terms, its cost is the cash price equivalent, i.e. deferred payment amount is effectively discounted at an asset-specific rate.

(ii) Capitalisation thresholds

Plant and equipment and intangible assets costing $5,000 and above individually (or forming part of a network costing more than $5,000) are capitalised.

(iii) Revaluation of plant and equipment

Non-specialised assets with short useful lives are measured at depreciated historical cost, as a surrogate for fair value.

(iv) Impairment of plant and equipment

New South(v) Depreciation Wales Film of plant and and Television equipment Office

Depreciation is provided for on a straight-line basis for all depreciable assets so as to write off the depreciable Notesamount to the of each financial asset as it isstatements consumed over its(continued) useful life to the FTO.

All material separately identifiable components of assets are depreciated over their shorter useful lives.

Default asset class lives are:

Office furniture and fittings 10 years Computer equipment 4 years General plant and equipment 7 years

Depreciation rates are reviewed and determined on an annual basis.

(vi) Restoration costs

The estimated cost of dismantling and removing an asset and restoring the site is included in the cost of an asset, to the extent it is recognised as a liability.

(vii) Maintenance FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE Day-to-day servicing costs or maintenance are charged as expenses as incurred, except where they relate to the replacement of a part or component of an asset, in which case the costs are capitalised and depreciated.

(viii) Leased assets

The leasing transactions of the FTO are restricted to operating leases of buildings.

The nature of an operating lease is such that the lessors effectively retain substantially all the risks and benefits of ownership of the leased items, the payments on which are included in the determination of the results of operations over the lease term.

Operating lease payments are charged to the statement of comprehensive income in the periods in which they are incurred.

(ix) Intangibles

FTO recognises intangible assets only if it is probable that future economic benefits will flow to the agency and the cost of the asset can be measured reliably. Intangible assets are measured initially at cost. Where an asset is acquired at no or nominal cost, the cost is its fair value as at the date of acquisition.

All research costs are expensed. Development costs are only capitalised when certain criteria are met.

The useful lives of intangible assets are assessed to be finite.

Intangible assets are subsequently measured at fair value only if there is an active market. As there is no active market for the agency’s intangible assets, the assets are carried at cost less any accumulated amortisation.

FTO’s intangible assets are amortised using the straight line method over a period on 10 years.

Intangible assets are tested for impairment where an indicator of impairment exists. If the recoverable amount is less than its carrying amount the carrying amount is reduced to recoverable amount and the reduction is recognised as an impairment loss.

(x) Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. These financial assets are recognised initially at fair value, usually based on the transaction cost or face value. Subsequent measurement is at amortised cost using the effective interest method, less an allowance for any impairment of receivables. Any changes are recognised in the surplus / (deficit) for the year when impaired, derecognised or through the amortisation process.

Short-term receivables with no stated interest rate are measured at the original invoice amount where the effect of discounting is immaterial.

The FTO provides a Production Loan Finance fund out of a $4 million revolving facility provided by NSW Treasury. Loans are recognised as they are drawn down by the production. They must be secured by a distribution agreement, a presale to a broadcaster, or a first ranking charge on the distribution company as well as a direction deed.

The first drawdown is made net of interest, legal fees and an administration fee. Loans are shown grossed up 20 as either current or non-current receivables depending on their repayment date. Interest is only taken up as income in the period to which it relates. The administration fee is taken up as income when the loan is made. The carrying amount approximates net fair value.

(xi) Impairment of financial assets

All financial assets, except those measured at fair value through profit and loss, are subject to an annual review for impairment. An allowance for impairment is established when there is objective evidence that the FTO will not be able to collect all amounts due.

For financial assets carried at amortised cost, the amount of the allowance is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. The amount of the impairment loss is recognised in the surplus / (deficit) for the year.

Any reversals of impairment losses are reversed through the surplus / (deficit) for the year, where there is objective evidence. Reversals of impairment losses of financial assets carried at amortised cost cannot result in a carrying amount that exceeds what the carrying amount would have been had there not been an impairment loss.

(xii) De-recognition of financial assets and financial liabilities

A financial asset is derecognised when the contractual rights to the cash flows from the financial assets expire; or if the FTO transfers the financial asset:

• where substantially all the risks and rewards have been transferred; or • where the FTO has not transferred substantially all the risks and rewards, if the entity has not retained control.

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

(viii) Leased assets

The leasing transactions of the FTO are restricted to operating leases of buildings.

Operating lease payments are charged to the statement of comprehensive income in the periods in which they are incurred.

(ix) Intangibles

All research costs are expensed. Development costs are only capitalised when certain criteria are met.

The useful lives of intangible assets are assessed to be finite.

FTO’s intangible assets are amortised using the straight line method over a period on 10 years.

(x) Loans and receivables

Short-term receivables with no stated interest rate are measured at the original invoice amount where the effect of discounting is immaterial. FINANCIAL STATEMENTS

The FTO provides a Production Loan Finance fundNew out of South a $4 million Wales revolving Film facility and provided Television by NSW Office Treasury. Loans are recognised as they are drawn down by the production. They must be secured by a distribution agreement, a presale to a broadcaster, or a first ranking charge on the distribution company as Noteswell to as the a direction financial deed. statements (continued)

The first drawdown is made net of interest, legal fees and an administration fee. Loans are shown grossed up as either current or non-current receivables depending on their repayment date. Interest is only taken up as income in the period to which it relates. The administration fee is taken up as income when the loan is made. The carrying amount approximates net fair value.

(xi) Impairment of financial assets

(xii) De-recognition of financial assets and financial liabilities

A financial asset is derecognised when the contractual rights to the cash flows from the financial assets expire; or if the FTO transfers the financial asset:

FINANCIAL• whereSTATEMENTS substantially –all NEW the risks SOUTH and rewards WALES have FILM been transferred; AND TELEVISION or OFFICE • where the FTO has not transferred substantially all the risks and rewards, if the entity has not retained control.

Where the FTO has neither transferred nor retained substantially all the risks and rewards or transferred control, the asset is recognised to the extent of the FTO’s continuing involvement in the asset.

A financial liability is derecognised when the obligation specified in the contract is discharged or cancelled or expires.

(k) Liabilities

(i) Payables

These amounts represent liabilities for goods and services provided to the FTO and other amounts. Payables are recognised initially at fair value, usually based on the transaction cost or face value. Subsequent measurement is at amortised cost using the effective interest method. Short-term payables with no stated interest rate are measured at the original invoice amount where the effect of discounting is immaterial.

(ii) Employee benefits and other provisions

The terms for employee benefits and other associated provisions are discussed in Note 1i(i) Personnel Services.

(iii) Other Provisions

Other provisions exist when: the FTO has a present legal or constructive obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and a reliable estimate can made of the amount of the obligation.

(iv) Liabilities - Other

These amounts represent liabilities to various producers of films and other amounts. Liabilities other are recognised initially at fair value, usually based on the transaction cost or face value.

(l) Equity

(i) Accumulated Funds

The category accumulated funds includes all current and prior period retained funds.

(m) Comparative Information

Except when an Australian Accounting Standard permits or requires otherwise, comparative information is disclosed 21 in respect of the previous period for all amounts reported in the financial statements.

In the 2010 financial information $40,659 has been reclassified from Personnel Services to Allowances – Board members ($35,510) and associated on costs (Superannuation ($3,196), Payroll tax ($1,953). The Board is constituted by Section 6 of the Film and Television Office Act 1988. Section 6 stipulates that the Board is to consist of seven members nominated by the Minister and appointed by the Governor.

(n) New Australian Accounting Standards issued but not effective

Australian Accounting Standards and Interpretations that have recently been issued or amended but are not yet effective have not been adopted for the financial reporting period ended 30 June 2011. These are listed as follows:

AASB Compiled Standards

• AASB 9 Financial Instruments; • AASB 124 Related Party Disclosures; • AASB 1053 Application of Tiers of Australian Accounting Standards; • AASB 1054 Australian Additional Disclosures;

Amending Pronouncements and Errata (not yet fully compiled)

• AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9; • AASB 2010-2 Amendments to Australian Accounting Standards arising form Reduced Disclosure Requirements; • AASB 2010-6 Amendments to Australian Accounting Standards –Disclosure on Transfers of Financial Assets; • AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9; • AASB 2010-8 Amendments to Australian Accounting Standards – Deferred Tax: Recovery of Underlying Assets; • AASB 2010-9 Amendments to Australian Accounting Standards – Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters; • AASB 2011-1 Amendments to Australian Accounting Standards arising from the Trans-Tasman Convergence Project; • AASB 2011-2 Amendments to Australian Accounting Standards arising from the Trans-Tasman Convergence Project – Reduced Disclosure Requirements;

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

A financial liability is derecognised when the obligation specified in the contract is discharged or cancelled or expires.

(k) Liabilities

(i) Payables

(ii) Employee benefits and other provisions

The terms for employee benefits and other associated provisions are discussed in Note 1i(i) Personnel Services.

(iii) Other Provisions

(iv) Liabilities - Other

These amounts represent liabilities to various producers of films and other amounts. Liabilities other are recognised initially at fair value, usually based on the transaction cost or face value. FINANCIAL STATEMENTS (l) Equity New South Wales Film and Television Office (i) Accumulated Funds

NotesThe to category the financial accumulated fundsstatements includes all current(continued) and prior period retained funds.

(m) Comparative Information

Except when an Australian Accounting Standard permits or requires otherwise, comparative information is disclosed in respect of the previous period for all amounts reported in the financial statements.

(n) New Australian Accounting Standards issued but not effective

AASB Compiled Standards

• AASB 9 Financial Instruments; • AASB 124 Related Party Disclosures; • AASB 1053 Application of Tiers of Australian Accounting Standards; • AASB 1054 Australian Additional Disclosures;

Amending Pronouncements and Errata (not yet fully compiled)

• AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9; • AASB 2010-2 Amendments to Australian Accounting Standards arising form Reduced Disclosure Requirements; • AASB 2010-6 Amendments to Australian Accounting Standards –Disclosure on Transfers of Financial Assets; • AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9; • AASB 2010-8 Amendments to Australian Accounting Standards – Deferred Tax: Recovery of Underlying Assets; • AASB 2010-9 Amendments to Australian Accounting Standards – Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters; FINANCIAL• AASBSTATEMENTS 2011-1 Amendments – NEW to SOUTH Australian WALES Accounting FILM Standards AND TELEVISIONarising from the Trans-TasmanOFFICE Convergence Project; • AASB 2011-2 Amendments to Australian Accounting Standards arising from the Trans-Tasman Convergence Project – Reduced Disclosure Requirements; • AASB 2011-3 Amendments to Australian Accounting Standards – Orderly Adoption of Charges to the ABS GFS Manual and Related Amendments;

Recent Amending Pronouncements and Errata (fully compiled)

• AASB 2009-12 Amendments to Australian Accounting Standards; • AASB 2010-4 Further Amendments to Australian Accounting Standards arising from the Annual Improvements Project; • AASB 2010-5 Amendments to Australian Accounting Standards; • AASB 2010-10 Further Amendments to Australian Accounting Standards – Removal of Fixed Dates for First-time Adopters.

FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALESFINANCIAL FILM FILM AND AND TELEVISION TELEVISION STATEMENTS OFFICE OFFICE FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALESNew WALES South FILM FILM ANDWales AND TELEVISION TELEVISIONFilm and OFFICETelevision OFFICE Office FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE 2.FINANCIAL 2. Revenue Revenue STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE 2. 2. Revenue Revenue 2. 2. Revenue Revenue 2. Revenue Notes 2. 2. Revenueto Revenue the financial statements (continued) 20201111 20201010 2. Revenue 20201111 20201010 2. 2. Revenue Revenue $’0020$’002011011 0 $’00020$’000201010 2. Revenue $’0020$’00110 0 $’00020$’00010 (a) ( aInvestment) Investment revenue revenue $’0020$’002011011 0 $’00020$’000201010 ( a)( aInvestment) Investment revenue revenue $’0020110 $’0002010 ( Interesta)( Interest aInvestment) Investment revenue revenue $’002011522$’0020115220 0 $’0002010340$’0002010340 Interest(a) Interest Investment revenue 2052211522 2034010340 (Interesta)Interest( aInvestment) Investment revenue revenue $’000522$’000522 $’000340$’000340 Interest $’005225220 $’000340340 Interest(a) ( Interest aInvestment) Investment revenue revenue 522522 340340 (a) Investment revenue 522 340 Interest(b) Interest( bGrants) Grants and and contributions contributions 522522 340 340 Recurrent( Interestb)Recurrent( bGrants) Grants grants and grants and c ontributions c ontributions 13,86613,866522 13,82413,824340 (b)( bGrants) Grants and and contributions contributions 522522 340 340 RecurrentCapital (b)CapitalRecurrent Grants grants grantsgrants and grants c ontributions 13,86613,8665224444 13,82413,8243404444 ( Recurrentb) Recurrent( bGrants) Grants grants and grants and c ontributions contributions 13,86613,866 13,82413,824 CapitalPersonnel RecurrentPersonnelCapital grants grantsgrantsservices services benefits benefits and and liabilities liabilities provided provided free free of ofcharge charge by bythe the Department Department of of 13,8664444 13,8244444 (b)CapitalRecurrent(CapitalRecurrent bGrants) Grants grants grantsgrants and grants and contributions contributions 13,86613,86611441144 13,82413,824(57)44(57)44 TradePersonnel(CapitalRecurrentb)TradePersonnel Grants and grants and grants servicesInvestment,and servicesInvestment, contributions benefits benefits Regional Regional and and liabilitiesInfrastructure liabilitiesInfrastructure provided provided and and freeServices. freeServices. of ofcharge charge by bythe the Department Department of of 13,86644 13,82444 CapitalPersonnelRecurrentRecurrentPersonnelCapital grants grantsgrantsservices grantsservices benefits benefits and and liabilities liabilities provided provided free free of ofcharge charge by bythe the Department Department of of 13,86613,86644111144 13,824 13,824(57)44(57)44 TradeRecurrentPersonnel Trade and and grantsservicesInvestment, Investment, benefits Regional Regional and liabilitiesInfrastructure Infrastructure provided and and freeServices. Services. of charge by the Department of 13,913,86613,921112111 13,81113,82413,811(57)(57) CapitalPersonnelTradeCapitalTradePersonnel and grants and grants servicesInvestment, servicesInvestment, benefits benefits Regional Regional and and liabilitiesInfrastructure liabilitiesInfrastructure provided provided and and freeServices. freeServices. of ofcharge charge by bythe the Department Department of of 441144 (57)4444 CapitalTrade and grants Investment, Regional Infrastructure and Services. 13,913,91121442111 13,81113,811(57)44(57) Trade PersonnelPersonnel Trade and and servicesInvestment, servicesInvestment, benefits benefits Regional Regional and and liabilitiesInfrastructure liabilitiesInfrastructure provided provided and and freeServices. freeServices. of ofcharge charge by bythe the Department Department of of 13,913,92121 13,81113,811 Personnel services benefits and liabilities provided free of charge by the Department of 13,9112111 13,811 (57) (57) (Tradec) Trade( cOther) Other and and revenue Investment, revenue Investment, Regional Regional Infrastructure Infrastructure and and Services. Services. 13,913,9112121 13,81113,811(57) ( Tradec)( cOther) Other and revenue Investment, revenue Regional Infrastructure and Services. 13,921 13,811 ( Projectc)( Project cOther) Other Development revenueDevelopment revenue returns returns 13,92113,921474 7 13,811 13,8113737 Project (c)Project Other Development revenueDevelopment returns returns 13,942174 7 13,8113737 Project(Productionc) Project(Production cOther) Other Development revenueDevelopment Investment revenue Investment returns returns returns returns 358435874 7 5543755437 Production Project(c)Production Other Development revenue Investment Investment returns returns returns 35843587 55437554 ProductionProjectRecoveryProductionProjectRecovery Development Developmentof Investment ofcosts Investment costs incurred incurredreturns returns returns returns – Funds– Funds held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 358137435813774 7 55437554037 0 Recovery(ProductionProject(c)c)Recovery( cOther) Other Development revenueof Investment revenueofcosts costs incurred incurred returns returns – Funds– Funds held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 13735841377 554370 0 RecoveryProductionAdministrationProjectProjectRecoveryProductionAdministration Development Developmentof Investment ofcosts Investment Feescosts Fees incurred incurredreturns returns returns returns – Funds– Funds held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 1373581514713735815147 55437554037 0 OtherAdministrationProjectRecoveryProductionOtherAdministration revenue Development revenue of Investment costs Fees Fees incurred returns returns – Funds held on behalf of Investors in Motion Picture 151137358724151772 191554371910 0 RecoveryAdministrationProductionProductionAdministrationRecovery of Investment ofcosts Investment Feescosts Fees incurred incurred returns returns – Funds– Funds held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 137151358358151137 554 5540 0 OtherProductionAdministration Other revenue revenue Investment Fees returns 7653581517276572 7821915547821910 AdministrationOtherRecoveryRecoveryOtherAdministration revenue revenue of ofcosts Feescosts Fees incurred incurred – Funds– Funds held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 1511377213715172 1911910 0 RecoveryOther revenue of costs incurred – Funds held on behalf of Investors in Motion Picture 76513772765 7821917820 Other AdministrationAdministration Other revenue revenue Fees Fees 7651517215176572 1917827821910 0 Administration Fees 151765 7820 3.Other Other3. revenue Expenses revenue Expenses Excluding Excluding Losses Losses 7657276572 782 191782 191 3. Other 3. revenue Expenses Expenses Excluding Excluding Losses Losses 76572 191782 3. 3. Expenses Expenses Excluding Excluding Losses Losses 765765 782 782 3. Expenses Excluding Losses 765 782 3. 3. Expenses Expenses Excluding Excluding Losses Losses 20201111 20201010 3. Expenses Excluding Losses 20201111 20201010 3. 3. Expenses Expenses Excluding Excluding Losses Losses $’00020$’000201111 $’00020$’000201010 3. Expenses Excluding Losses $’00020$’00011 $’00020$’00010 (a) (a) Personnel Personnel services services $’0002011$’0002011 $’0002010$’0002010 (a)(a) Personnel Personnel services services $’0002011 $’0002010 (a)Salaries (a)Salaries Personnel Personnel and and wages services wages services (including (including recreation recreation leave) leave) 1,$’000209201,$’000201192011 2,0$’000202,0$’00020101020 Salaries (a)Salaries Personnel and and wages services wages (including (including recreation recreation leave) leave) 1,$’000209201,11920 2,0$’000202,0201020 Salaries(a)SuperannuationSalaries(a)Superannuation Personnel Personnel and and wages services wages – services defined– (includingdefined (including benefit benefit recreation recreation plans plans* leave)* leave) $’0001,920$’0001,9200 0 $’0002,0$’0002,020820 8 SuperannuationSalaries(a)Superannuation Personnel and wages services – defined– (includingdefined benefit benefit recreation plans plans* leave)* $’0001,9200 0 $’0002,0208 8 (a)SuperannuationSalariesSu(a)SuperannuationSalariesSu perannuationPersonnel perannuationPersonnel and and wages services wages – services defined– (includingdefined (including benefitcontribution benefitcontribution recreation recreation plans plans plans* plansleave)* leave) 1,92011,920631063 0 2,0201 2,020371837 8 LongSu(a)SuperannuationSalariesLongSu perannuationPersonnel perannuationservice service and wagesleave services leave – defined*– (includingdefined* contributionbenefit contribution recreation plans plans* plansleave) 1,19201163101163 2,0(69)13720(69)1837 SuperannuationSalariesSuSalariesSuSuperannuationperannuationperannuation and and wages wages – defined– (includingdefined (including benefitcontribution contributionbenefit recreation recreation plans*plans plans plans* plansleave)* leave) 1,92011,639201063 0 2,012,02037182037 8 LongWorkersSalariesSuWorkersLongperannuation service service andcompensation compensation wagesleave leave – defined* (including* insurance insurancecontribution recreation plans leave) 1,9201111631111 1 2,0(69)1 12037(69)0 1 0 SuperannuationSuLongSuperannuationLongSuperannuation perannuationservice service leave leave – defined*– defined* contributionbenefit benefitcontribution plans plans plans* plans* 16316311163011 0 (69)1 13737(69) 1378 8 WorkersPayrollSuperannuationLongPayrollWorkers service tax compensation tax andcompensation leaveand fringe – fringedefined* benefits insurancebenefits insurancebenefit tax tax plans * 1701110701 1 (69)11 111058 1 50 LongSuWorkersSuWorkersLongperannuation perannuationservice service compensation compensation leaveleave* leave – defined*– defined* insurance insurancecontribution contribution plans plans 111631163111 1 (69) 1 371 (69)10 371 0 PayrollSuWorkers Payrollperannuation tax compensation tax and and fringe – fringedefined benefits insurancebenefits contribution tax tax plans 2,17512,17570631170 2,21112, 213712115021 5 WorkersLongPayrollLongPayrollWorkers service taxservice compensation tax andcompensation leaveand fringeleave fringe* *benefits insurancebenefits insurance tax tax 1117011170 (69)11 110(69)1105 10 5 LongPayroll service tax and leave fringe* benefits tax 2,1752,1751170 2,(69)2112,212521 PayrollWorkers Workers Payroll tax compensation tax andcompensation and fringe fringe benefits insurancebenefits insurance tax tax 2,1752,1757011170 1 2,112 1152, 1212 11550 121 0 Workers compensation insurance 2,17511 2,2 1210 Payroll* These Payroll* These tax are tax areand provided and provided fringe fringe freebenefits freebenefits of ofcharge tax charge tax by bythe the Department Department of ofTrade Trade and and Invest Investment,ment, Regional Regional Infrastructure Infrastructure2,1752,1757070 and and Services Services 2,22111 2,221115 5 * Payroll These* These tax are areand provided provided fringe freebenefits free of ofcharge tax charge by bythe the Department Department of ofTrade Trade and and Invest Investment,ment, Regional Regional Infrastructure Infrastructure2,17570 and and Services Services2,112215 * These* and Theseand a are correspondinga arecorresponding provided provided free amountfree ofamount ofcharge charge is accountedis byaccounted bythe the Department forDepartment for in incomein income of ofTrade as Trade asgrants grantsand and andInvest andInvest contributions.ment, contributions.ment, Regional Regional Infrastructure Infrastructure2,1752,175 and and Services Services2,22,212 21 * Theseandand a are correspondinga corresponding provided free amount ofamount charge is accountedis byaccounted the Department for for in incomein income of Trade as asgrants grantsand andInvestment, and contributions. contributions. Regional Infrastructure2,175 and Services2,221 * These* and Theseand a are correspondinga arecorresponding provided provided free amountfree ofamount ofcharge charge is accountedis byaccounted bythe the Department forDepartment for in incomein income of ofTrade as Trade asgrants grantsand and andInvest andInvest contributions.ment, contributions.ment, Regional Regional Infrastructure Infrastructure and and Services Services * These and a arecorresponding provided free amount of charge is accounted by the Department for in income of Trade as grants and andInvest contributions.ment, Regional Infrastructure and Services (b) (and bBoard)and Board a correspondinga members corresponding members amount amount is accountedis accounted for for in incomein income as asgrants grants and and contributions. contributions. (* b These)(*and b BoardThese) Board a arecorresponding membersare provided members provided free amountfree of ofcharge charge is accounted by bythe the Department forDepartment in income of ofTrade as Trade grants and and andInvest Invest contributions.ment,ment, Regional Regional Infrastructure Infrastructure and and Services Services ( Allowancesb)( Allowances bBoard) Board members – members Board– Board members members * * 8282 3636 Allowances( b)Allowancesand Boardand a correspondinga members corresponding – Board– Board members members amount amount * is * accountedis accounted for for in incomein income as asgrants grants and and contributions. contributions. 8282 3636 Allowances(Superannuationb) Allowances(Superannuation bBoard) Board members – members Board– Board– defined– members defined members contribution contribution * * plans plans 82782 7 36336 3 PayrollSuperannuation Allowances(b)PayrollSuperannuation Board tax tax members – Board – defined– members defined contribution contribution * plans plans 8247 47 3623 23 Allowances(Superannuationb)(SuperannuationAllowances bBoard) Board members – members Board– Board– defined– members defined members contribution contribution * * plans plans 82782 7 36336 3 Payroll(Superannuationb) Payroll Board tax tax members – defined contribution plans 934793 4 412341 2 SuperannuationAllowancesPayrollAllowancesPayrollSuperannuation tax tax – Board– Board– defined– membersdefined members contribution contribution * * plans plans 827482 47 362336 23 AllowancesPayroll tax – Board members * 9382493 4136241 PayrollSuperannuation * IncludesSuperannuation *Payroll Includes tax tax2009 2009 - 10– - defined10 –Allowances defined Allowances contribution contribution paid paid in 2010plansin 2010plans- 11.- 11. 934793 74 412341 32 *Superannuation Includes* Includes 2009 2009- 10– -defined10 Allowances Allowances contribution paid paid in 2010plansin 2010- 11.-11. 937 413 *Payroll Includes*Payroll Includes tax tax2009 2009-10 2009 -10-10 Allowances Allowances paid paid in 2010-11.2010in 2010-11.-11. 93493 4 41241 2 *Payroll Includes tax 2009 -10 Allowances paid in 2010-11. 934 412 *(c Includes) *( c OtherIncludes) Other operating2009 operating2009-10-10 Allowances expenses Allowances expenses paidinclude paidinclude in 2010in the 2010 the -following:11. -following:11. 9393 4141 (c) * Includes( cOther) Other operating2009 operating-10 Allowances expenses expenses paidinclude include in 2010 the the -following:11. following: 93 41 *( Advertisingc Includes)*( Advertising c OtherIncludes) Other operating2009 operating2009 -10-10 Allowances expenses Allowances expenses paidinclude paidinclude in 2010in the 2010 the -following:11. -following:11. 1313 1515 *( Advertisingc Includes)Advertising Other operating2009 -10 Allowances expenses paidinclude in 2010 the -following:11. 1313 1515 Advertising(Auditor’sc)Advertising(Auditor’s cOther) Other remunerationoperating remunerationoperating expenses –expenses audit– audit of include ofthe include the financial financial the the following: statements following: statements 13611361 15371537 Advertising(Auditor’sc)Auditor’s Other remunerationoperating remuneration expenses – audit– audit of include ofthe the financial financial the following: statements statements 136161 153737 Auditor’sAdvertisingCommunicationsAuditor’sAdvertisingCommunications remuneration remuneration – audit– audit of ofthe the financial financial statements statements 611327611327 371503715 0 (Auditor’sAdvertisingCommunicationsc)Communications( cOther) Other remunerationoperating operating expenses –expenses audit of include the include financial the the following: statements following: 61132727 37150 0 CommunicationsAuditor’sConsultanciesCommunicationsAuditor’sConsultancies remuneration remuneration – audit– audit of ofthe the financial financial statements statements 276166276166 11537115037 0 AdvertisingCommunicationsAuditor’sConsultanciesConsultanciesAdvertising remuneration – audit of the financial statements 132761666613 1151537 115015 ConsultanciesCommunicationsCorporateConsultanciesCommunicationsCorporate se rvicesse rvices 662706627 0 11534115034 0 Auditor’sConsultanciesCommunicationsCorporateCorporateAuditor’s remuneration services remuneration se rvices – audit– audit of ofthe the financial financial statements statements 616627061 0 115373403734 CorporateConsultanciesBadCorporateConsultanciesBad and and Doubtful se Doubtful rvicesse rvices debts debts 669106691 0 11534115034 0 CommunicationsCorporateConsultanciesBadBadCommunications and and Doubtful se Doubtfulrvices debts debts 27669109127 115340 0 BadCorporateExternalBadCorporateExternal and and assessorsDoubtful se assessorsDoubtful rvicesservices debts and debts and advisors advisors 40591405091 0 23434234034 0 ConsultanciesBadCorporateExternalExternalConsultancies and assessorsDoubtful se assessorsrvices debts and and advisors advisors 4056691405066 115 23434 2341150 ExternalBadHostedExternalBadHosted and and workshops assessorsDoubtful workshops assessorsDoubtful debts andand debts andand eventsadvisors eventsadvisors 4051913140519131 23448234048 0 CorporateExternalBadHostedHostedCorporate and workshops assessorsDoubtful workshopsse rvicesservices debts andand and eventsadvisors events 405131911310 0 234344803448 HostedExternalInsuranceHostedExternalInsurance workshops assessors workshops assessors andand andand eventsadvisors eventsadvisors 140531140531 1 23448234748 7 BadHostedExternalInsuranceInsuranceBad and and workshops assessorsDoubtful Doubtful debts andand debts eventsadvisors 14059131191 1 2344807 70 InsuranceHostedLegalInsuranceHostedLegal fees workshops fees workshops and and events events 123131123131 1 24448244748 7 ExternalInsuranceHostedLegalLegalExternal fees workshops feesassessors assessors andand and eventsadvisors advisors 4051231312314051 234 24448 2442347 LegalInsuranceMarketingLegalInsuranceMarketing fees fees and and promotional promotional activities activities 231172311715 15 2441782441787 7 HostedLegalInsuranceMarketingMarketingHosted fees workshops workshops and and promotional promotional and and events events activities activities 123117531175131 244 17848 178748 MarketingLegalOfficeMarketingLegalOffice feesand feesand andadministration andadministration promotional promotional costs activities costs activities 172319817231598 5 178244199178244199 InsuranceMarketingLegalOfficeOfficeInsurance feesand and andadministration administration promotional costs activities costs 17231981598 1 178244 199 1997 7 OfficeMarketingTravelOfficeMarketingTravel andand andand and administrationaccom and administrationaccom promotional promotionalmodationmodation costs activitiescosts activities 171139817113598 5 199178184199178184 LegalOfficeMarketingTravelTravelLegal fees andand fees and and administrationaccommodation accom promotionalmodation costs activities 23117113981132315 244199178 184 184244 TravelOfficeMiscellaneousTravelOfficeMiscellaneous andand andand administrationaccom administrationaccom operating operatingmodationmodation expensescosts expensescosts 11398391139839 1841993218419932 MarketingTravelOfficeMiscellaneousMiscellaneousMarketing andand and administrationaccom and promotionaloperating operatingpromotionalmodation expensescosts activitiesexpenses activities 17113983917539 5 1781841993217832 OfficeMiscellaneousTravelOperatingOfficeMiscellaneousTravelOperating andand andand lease administrationaccom lease administrationaccom operating rental operatingmodation rentalmodation expense expensesexpensecosts expensescosts – minimum– minimum lease lease payments payments 11325398391132539839 19918432311991843231 RepairsOperatingOfficeMiscellaneousTravelRepairsOperating andand and lease andadministrationaccom routinelease operatingroutine rentalmodation rental m aintenance*mexpense aintenance* expensesexpensecosts – minimum – minimum lease lease payments payments 25311363983925363 1991843132431 4 MiscellaneousTravelOperatingTravelOperatingMiscellaneous and and lease accom lease accom operating rental operatingmodation rentalmodation expense expensesexpense expenses – minimum– minimum lease lease payments payments 1132533911325339 18432311843132 RepairsTravelOperating Repairs and and lease andaccom routine routine rentalmodation mmaintenance* aintenance*mexpenseaintenance* – minimum lease payments 1,7671132531,6376763 1,3621841,362314 4 OperatingMiscellaneousRepairsMiscellaneousRepairsOperating and leaseand routinelease operatingroutine rental operating rental m aintenance*mexpense aintenance* expensesexpense expenses – minimum – minimum lease lease payments payments 25339632533963 313243231 4 MiscellaneousRepairs and routine operating maintenance* expenses 1,1,7677671,7673963 1,362 1,362324 RepairsOperating Operating Repairs and leaseand routinelease routine rental rental m aintenance*mexpenseaintenance* expense – minimum – minimum lease lease payments payments 1,2537671,6325376763 1,3621,36231431 4 Operating lease rental expense – minimum lease payments 1,253767 1,36231 Repairs* Reconciliation Repairs* Reconciliation and and routine routine – Total– m Total aintenance*m aintenance*maintenance maintenance 1,7671,6376763 1,3621,3624 4 * Repairs Reconciliation*Reconciliation and routine – Total– m Totalaintenance* maintenance maintenance 1,76763 1,3624 * Maintenance Reconciliation* Maintenance Reconciliation expense expense – Total– Total – contractedmaintenance– contractedmaintenance labour labo urand and other other (non-employee (non-employee related), related), as asabove above 1,7671,6376763 1,3621,3624 4 Maintenance * ReconciliationMaintenance expense expense – Total – contractedmaintenance– contracted labo labo ur urand and other other (non (non-employee-employee related), related), as asabove above 1,7676363 1,3624 4 Maintenance*TotalReconciliation Maintenance*TotalReconciliation maintenance maintenance expense expense – Total– expenses Total –expenses contractedmaintenance– contractedmaintenance included included labo labo ur in urand inNote and Note other other3(a) 3 (non(a) + (non (b)+- employee(b) -employee related), related), as asabove above 6363 4 4 Total Maintenance*ReconciliationTotal maintenance maintenance expense – Total expenses –expenses contractedmaintenance included included labo ur in and inNote Note other 3(a) 3 (non(a) + (b)+- employee(b) related), as above 6363 4 4 Total MaintenanceTotal Maintenance maintenance maintenance expense expense expenses –expenses contracted– contracted included included labo labour in urand inNote and Note other other3(a) 3 (non(a) + (non (b)+- employee(b) -employee related), related), as asabove above 6363 4 4 *TotalMaintenanceReconciliation*Reconciliation maintenance expense – Total– expenses Total – contractedmaintenance maintenance included labo ur in and Note other 3(a) (non + (b)-employee related), as above 63 4 Maintenance(Total d)Maintenance(Total dDepreciation) Depreciationmaintenance maintenance expense expense and andexpenses amortisation–expenses contractedamortisation– contracted included included labo expense labo expenseur in urand inNote and Note other other3(a) 3 (non(a) + (non (b)+- employee(b) -employee related), related), as asabove above 6363 4 4 MaintenanceTotal maintenance expense expenses – contracted included labour in and Note other 3(a) (non + (b)-employee related), as above 63 423 (Depreciationd) Depreciation( dDepreciation) Depreciation - Plant - Plant and andand amortisationand equipmentamortisation equipment expense expense 272 7 3838 Total( d)(Total dDepreciation) Depreciationmaintenance maintenance and andexpenses amortisationexpenses amortisation included included expense expense in inNote Note 3(a) 3(a) + (b)+ (b) 6363 4 4 (DepreciationAmortisationd)(AmortisationDepreciation dDepreciation) Depreciation –- Plant Leasehold–- Plant Leaseholdand andand amortisationand equipmentamortisation improvements equipment improvements expense expense 2702 07 38808038 Depreciation( d) Depreciation Depreciation - Plant - Plant and and amortisationand equipment equipment expense 272 7 3838 Depreciation AmortisationDepreciation Amortisation –- Plant Leasehold–- PlantLeasehold and and equipment improvements equipment improvements 2702 70 11838801183880 AmortisationDepreciation(d)(Amortisation dDepreciation) Depreciation –- Plant Leasehold– Leaseholdand andand amortisation equipmentamortisation improvements improvements expense expense 207 0 803880 Amortisation (d)Amortisation Depreciation – Leasehold– Leaseholdand amortisation improvements improvements expense 2072 07 1188011880 AmortisationDepreciationDepreciation –- PlantLeasehold - Plant and and equipment improvements equipment 2702 7 118803811838 Depreciation - Plant and equipment 272 7 11838118 Amortisation Amortisation – Leasehold– Leasehold improvements improvements 207 0 1188080 272 7 118118

FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE

2. 2. Revenue Revenue

20201111 20201010 $’00$’000 0 $’000$’000 (a)( aInvestment) Investment revenue revenue InterestInterest 522522 340340 522522 340340

(b)( bGrants) Grants and and contributions contributions RecurrentRecurrent grants grants 13,86613,866 13,82413,824 CapitalCapital grants grants 4444 4444 PersonnelPersonnel services services benefits benefits and and liabilities liabilities provided provided free free of ofcharge charge by bythe the Department Department of of 1111 (57)(57) TradeTrade and and Investment, Investment, Regional Regional Infrastructure Infrastructure and and Services. Services. 13,913,92121 13,81113,811

(c)( cOther) Other revenue revenue ProjectProject Development Development returns returns 474 7 3737 ProductionProduction Investment Investment returns returns 358358 554554 RecoveryRecovery of ofcosts costs incurred incurred – Funds– Funds held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 137137 0 0 AdministrationAdministration Fees Fees 151151 0 0 OtherOther revenue revenue 7272 191191 765765 782782

3. 3. Expenses Expenses Excluding Excluding Losses Losses

20201111 20201010 $’000$’000 $’000$’000 (a)(a) Personnel Personnel services services SalariesSalaries and and wages wages (including (including recreation recreation leave) leave) 1,9201,920 2,02,02020 SuperannuationSuperannuation – defined– defined benefit benefit plans plans* * 0 0 8 8 SuSuperannuationperannuation – defined– defined contribution contribution plans plans 163163 137137 LongLong service service leave leave* * 1111 (69)(69) WorkersWorkers compensation compensation insurance insurance 111 1 10 1 0 PayrollPayroll tax tax and and fringe fringe benefits benefits tax tax 7070 11115 5 2,1752,175 2,22,21221

* These* These are are provided provided free free of ofcharge charge by bythe the Department Department of ofTrade Trade and and Invest Investment,ment, Regional Regional Infrastructure Infrastructure and and Services Services andand a correspondinga corresponding amount amount is accountedis accounted for for in incomein income as asgrants grants and and contributions. contributions.

(b)( bBoard) Board members members AllowancesAllowances – Board– Board members members * * 8282 3636 SuperannuationSuperannuation – defined– defined contribution contribution plans plans 7 7 3 3 PayrollPayroll tax tax 4 4 2 2 9393 4141 * Includes* Includes 2009 2009-10-10 Allowances Allowances paid paid in 2010in 2010-11.-11.

(c)( cOther) Other operating operating expenses expenses include include the the following: following: AdvertisingAdvertising 1313 1515 Auditor’sAuditor’s remuneration remuneration – audit– audit of ofthe the financial financial statements statements 6161 3737 CommunicationsCommunications 2727 0 0 ConsultanciesConsultancies 6666 115115 CorporateCorporate se rvicesservices 0 0 3434 BadBad and and Doubtful Doubtful debts debts 9191 0 0 ExternalExternal assessors assessors and and advisors advisors 405405 234234 HostedHosted workshops workshops and and events events 131131 4848 InsuranceInsurance 1 1 7 7 FINANCIALLegalLegal fees fees STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE231231 244244 MarketingFINANCIALMarketingFINANCIAL and and promotional STATEMENTS promotional STATEMENTS activities activities – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE17175 5 178178 FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE FINANCIAL Office Office and and administration administration STATEMENTS costs costs – NEW SOUTH WALES FILM AND TELEVISION OFFICE9898 199199 FINANCIAL TravelFINANCIALTravel and and accom accom STATEMENTS modationSTATEMENTSmodation – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE113113 184184 FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE FINANCIALMiscellaneous FINANCIALMiscellaneous operating STATEMENTS operating STATEMENTS expenses expenses – NEW – NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE3939 3232 FINANCIAL OperatingFINANCIAL Operating lease lease STATEMENTS rental STATEMENTS rental expense expense – minimum –– minimum NEW– NEW leaseSOUTH leaseSOUTH payments payments WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE253253 3131 NewRepairs FINANCIALRepairs FINANCIAL South and and routine routineWalesSTATEMENTS STATEMENTS m aintenance*maintenance* Film and – NEW– NEWTelevision SOUTH SOUTH WALES Office WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE20 OFFICE631163 20104 4 FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE20201111 20201010 1,$’0007671,767 1,362$’0001,362 FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE$’00020 OFFICE$’00011 $’00020$’00010 FINANCIAL STATEMENTSFINANCIAL – NEW SOUTH STATEMENTS WALES FILM – NEW AND SOUTH TELEVISION WALES OFFICE $’00020FILM11 AND TELEVISION$’0002010 OFFICE FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISIONNotes( e) Grants to and theOFFICE subsidies financial statements (continued) 20201111 20201010 FINANCIAL*ReconciliationFINANCIAL*Reconciliation STATEMENTS – STATEMENTS Total– Total maintenance maintenance – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE$’00020 OFFICE11 $’0002010 Aurora(e) ( eGrants) Grants Script and andDevelopment subsidies subsidies Workshops $’000201$’00020117611 $’00020185$’000201010 Aurora(Maintenancee)Aurora Maintenance Grants Script Script and expenseDevelopment subsidiesexpenseDevelopment – contracted– contracted Workshops Workshops labo labo ur urand and other other (non (non-employee -employee related), related), as asabove above $’00020111766317663 $’00020185101854 4 Australian Children’s Television Foundation $’000202011115$’0002020111111 $’000202010110$’0002020101010 Australian AuroraTotal(e)Australian Total Grants maintenance Script maintenance Children’sand Children’s Development subsidies expenses Television expenses Television Workshops included Foundation included Foundation in inNote Note 3(a) 3(a) + (b)+ (b) $’0001151766311563 $’0001101851104 4 Industry(e) ( eGrants) Grants Development and and subsidies subsidies Fund * $’00020455$’00011 $’00020$’00010- Industry( AustralianAurorae)Industry Grants Script Development Children’sDevelopmentand Development subsidies Television Fund Fund Workshops * * Foundation $’0004551151$’00076455 $’000110185$’000- - (IndustryAurora e)(Aurora eGrants) Grants Script Audience Script and andDevelopment subsidiesDevelopment subsidiesDevelopment Workshops Workshops $’000201207611107611 $’00020720185201018510 Industry Aurora(d)AustralianIndustry ( dDepreciation) Depreciation Script AudienceDevelopment Children’sAudience Development and Development and DevelopmentTelevision amortisationFund amortisation Workshops * Foundation expense expense 20145511576110 0 2072018511010720- 2011 2010 AuroraVFXAustralian (e)AuroraAustralian Grants scheme Script Script Children’sand Children’sDevelopment subsidiesDevelopment Television Television Workshops Workshops Foundation Foundation $’0001115$’0007699111576 $’000185110$’00083185110 DepreciationVFXAustralianIndustry(e)VFXDepreciation( eGrants )scheme Grants scheme AudienceDevelopment Children’sand -20and Plant -subsidies11 Plant subsidiesDevelopment and Television Fundand equipment equipment * 20 10 Foundation $’000115455279909927 $’0001107203883-8338 $’000 $’000 AustralianProductio Industry(Aurorae)Australian Industry Grants Script Developmentn Children’sDevelopmentandInvestment Children’s Development subsidies Television FundFund Television Fund Workshops * * Foundation Foundation 7,55720115455120117611545511 6,209201101852010110-10 - ProductioIndustry AmortisationVFXAuroraProductioAmortisationAurora scheme Script DevelopmentAudience nScript Investmentn $’000– DevelopmentInvestment Leasehold– Development Leasehold Development FundFund Fundimprovements Workshops $’000*improvements Workshops 7,55745517,55799761076 0 6,2091857206,2098380185-80 IndustryProject(AuroraAustraliane)Industry( eGrants) Grants Script/ DevelopmentAudienceScript Children’sDevelopmentAudienceand andDevelopment Developmentsubsidies subsidiesDevelopment DevelopmentTelevision Fund Fund Workshops * * Foundation 1,238$’0004551115$’000764550 0 1,028$’000720185110$’000720- - Project(IndustryProductioAustralianVFX e)Project Australian Grants scheme / AudienceScript n / Children’sandScriptInvestment Children’s Developmentsubsidies Development Development Television Fund Television Foundation(e Foundation) Grants and subsidies 1,2387,5571151,2389927115027 1,0286,209720110 1181,02883110 118 IndustryRegionalAuroraVFX AustralianIndustryAuroraVFX scheme Scriptscheme AudienceDevelopment FilmingScript Children’sAudience Development Development Fund Development DevelopmentTelevision Fund Workshops * Workshops Foundation 45111154557699107699 0 7201851107583720185-83 (e) Grants and subsidies RegionalAuroraVFXProjectIndustryProductioRegionalIndustry scheme Script/ DevelopmentScript nFilming Development InvestmentFilming Development Development Fund Fund FundFund Fund Workshops * * Aurora Script Development Workshops 1,2387,55745114557699451455 1,0286,2091857583-75 - 176 185 VFXEmergingAustralianProductio(e)IndustryVFXAustralianProductio( eGrants )scheme Grants scheme DevelopmentAudiencen Filmmakers Children’sandInvestmentn Children’sandInvestment subsidies subsidiesDevelopment Television FundFund Television Fund * Foundation Foundation 7,5572911154557,55799115099 6,2092521107206,20983110-83 Aurora Script Development Workshops EmergingProductioAustralianRegionalIndustryProjectEmergingIndustry / AudienceScript nFilming Filmmakers Children’s AudienceInvestment Filmmakers 1Development76 Fund Development DevelopmentTelevision FundFund Fund 185 FoundationAustralian Children’s Television Foundation 7,5571,2382911154512910 0 6,2091,02825211072075252720 115 110 ProductioOtherIndustryProjectVFXAuroraProductioIndustryProjectAurora scheme industry Script/ DevelopmentAudienceScript nScript/ DevelopmentScriptInvestmentn DevelopmentInvestment promotionDevelopment Development Development Development FundFund FundFund Workshops * Workshops * 7,5571,2384551767,5571,23893994551760 6,2091,028720 1856,2091,0284883 185- - Australian Children’s Television Foundation OtherIndustryProjectEmergingVFXRegionalOtherVFX scheme industry scheme/ DevelopmentindustryScript Filming Filmmakers promotion115Development promotionFund Fund * 110Industry Development Fund * 1,23845529145193999399 1,028252488375-4883 455 - ProjectContractsIndustryRegionalVFXProductioAustralianProjectIndustryRegionalAustralian scheme / AudienceScript nFilming /executed Children’s AudienceScript InvestmentFilming Children’s Development FundDevelopment Development Fundin DevelopmentTelevision prior Fund Television years Foundation Foundation 1,2387,5574511151,238994511150 0 1,0286,209(239)720 1101,0287583 11072075 Industry Development Fund * ContractsIndustryRegionalOtherProductioEmergingContractsProductio industry Audience nFilming executedFilmmakers Investmentn executed Investment promotion455 Fund Development in prior inFundFund priorFund years years Industry - Audience Development 7,5574512917,557930 0 6,209(239)7202526,209(239)7548 0 720 Regional VFXEmergingProductioProjectIndustryRegionalVFXEmergingIndustry scheme scheme/ DevelopmentScript nFilming Filmmakers Development InvestmentFilming Filmmakers Development Fund Fund FundFund Fund * * 10,4757,5571,2384512914559945129145599 8,4716,2091,0282527583252-7583 - Industry Audience Development EmergingVFXContracts ProjectOther Project scheme industry / Script /executedFilmmakers Script promotionDevelopment 0Development in priorFund years 720 VFX scheme 1,2382911,23899930 1,028(239)2521,0288348 99 83 EmergingProductioOtherIndustryProjectRegional EmergingProductioOtherIndustry industry / AudienceindustryScript nFilming Filmmakers AudienceInvestmentn Filmmakers Investment promotionDevelopment promotionFund Development Development FundFund FundFund 10,4757,5571,23810,4752914517,55793291093 0 6,2091,0288,471252 7206,2098,4714875252 72048 VFX scheme ProductioOther RegionalContractsRegional industry nFilming executed InvestmentFilming promotion99 Fund Fundin prior Fund years 83Productio n Investment Fund 10,4757,557451934510 6,2098,471(239)487575 7,557 6,209 OtherProjectContractsVFXRegional EmergingOtherProjectContractsVFX scheme industry scheme/ industryScript Filming/executedFilmmakers Script executed promotionDevelopment promotionFundDevelopment in priorinFund prior years years 1,2384512911,238939909399 0 1,028(239)2521,028(239)4875834883 Production Investment Fund ProjectContracts Emerging* InEmerging 2010-11 / Script executedFilmmakers Filmmakersthis7,557 Development Fund in priorFundwas Fund separatedyears 6,209 Project from / Script the Screen Development Audience Development Fund and the latter10,4751,238 was2912910 administered 1,0288,471(239)252 252 1,238 1,028 RegionalEmerging*OtherProduction In RegionalProductio* In2010-11 industry2010-11 Filming Filmmakers InvestmentnFilming this Investment promotionthis FundFund FundFund FundwasFund wasFund separated separated from from the the Screen Screen Audience Audience Development Development Fund Fund and and the the latter latter10,4757,557 10,475was4512917,55793 was451 administered administered8,471 6,209252 6,2098,4717548 75 OtherbyContracts OtherContractsArts industry NSW. industry executed executed promotion promotion in priorin prior years years 93093 0 (239)(239)4848 Project / Script Development EmergingOtherbyContracts* RegionalProject In EmergingProjectbyArts 2010-11 Arts industry NSW./ Script Filming/NSW.executedFilmmakers Script Filmmakersthis1,238 promotionDevelopment Fund FundDevelopment in priorFund was Fund separatedyears 1,028 Regional from Filming the Screen Fund Audience Development Fund and the latter10,4751,238 was2914511,238932910 administered 8,471 1,028(239)252 1,0284875 252 451 75 *Contracts InContracts 2010-11 executed executedthis Fund in priorinwas prior separatedyears years from the Screen Audience Development Fund and the latter10,475 10,475was0 administered0 8,471(239)8,471(239) Regional Filming Fund OtherContracts byEmergingRegional OtherRegionalArts industry NSW. industry Filming executedFilmmakers Filming promotion451 promotionFund Fundin priorFund years 75Emerging Filmmakers Fund 10,47529145193451093 8,471(239)25248754875 291 252 by * In *Arts In2010-11 2010-11 NSW. this this Fund Fund was was separated separated from from the the Screen Screen Audience Audience Development DevelopmentExpensed Fund Fund and andForward the the latter latter10,475 years 10,475was was administered administered8,471Total8,471 Emerging Filmmakers Fund Contracts*OtherEmerging InContractsEmerging 2010-11 industry executedFilmmakers executedFilmmakersthis promotion291 Fund in priorinFundwas priorFund separatedyears years 252Other from industry the Screen promotion Audience DevelopmentExpensedExpensed Fund and Forward theForward latter10,475 years was 291years932910 administered0 8,471Total(239) 252Total(239)48 252 93 48 Other industry promotion Contracts *by In *byArts In2010-11 Arts 2010-11 NSW. NSW.executed this this 93 Fund Fundin priorwas was separatedyears separated48Contracts from from executedthe the Screen Screen in Audienceprior Audience years Development Development Fund Fund and andcommitments the the latter latter was was0 administered administered(239) 0 (239) *byOther In OtherArts 2010-11 industry NSW. industry this promotion Fundpromotion was separated from the Screen Audience DevelopmentExpensed Fund and Forwardcommitments thecommitments latter10,475 years 10,475was93 93 administered 8,471Total8,47148 48 *by In *byArts In2010-11 Arts 2010-11 NSW. NSW. this this Fund Fund was was separated separated from from the the Screen Screen Audience Audience Development Development$’000 Fund Fund and and the the latter latter$’000 was was administered administered$’000 Contracts executed in prior years by Contracts ContractsArts NSW. executed executed 0 in priorin prior years(239) years Expensed$’000$’000 Forwardcommitments10,475 years$’000$’0000 0 $’0008,471Total (239)$’000 (239) 10,475 8,471 by( *f )In by DetailsArts 2010-11 Arts NSW. NSW. of this funding Fund programswas separated approved from the in 2010/11Screen Audience DevelopmentExpensedExpensed Fund and Forwardcommitments theForward latter years was years administered TotalTotal ( f) (Detailsf) Details of10,475 offunding funding programs programs8,471 approved approved in in2010/11 2010/11 Expensed$’000 Forward10,475 years$’00010,475 $’000 8,471Total 8,471 Aurora*by In *Arts In2010-11 2010-11 ScriptNSW. this Development this Fund Fund was was separatedWorkshops separated from from the the Screen Screen Audience Audience Development DevelopmentExpensedExpensed$’000 176Fund Fund and andForwardcommitments theForwardcommitments the latter latter years$’000 was years76 was administered administered$’000Total252Total Aurora*(f )In AuroraDetails 2010-11 Script Script of this fundingDevelopment Development Fund programswas sWorkshopseparated Workshops* approved In 2010-11 from the in this 2010/11Screen Fund Audience was separated Development fromExpensed the 176Fund Screen176 and ForwardAudiencecommitments the latter years Development was7676 administered FundTotal252 252 and the latter was administered Australianby byArts Arts NSW. NSW.Children’s Television Foundation ExpensedExpensed$’000115$’000 ForwardcommitmentsForwardcommitments years$’000 years$’0000 $’000Total115$’000Total * In 2010-11 this Fund was separated from the Screen Audience Development FundbyAustralianAurora( andf) AustralianDetailsArts the ScriptNSW. latter Children’sof Children’s fundingDevelopment was administered Television programs Television Workshops Foundation by approved Foundation Arts NSW. in 2010/11 $’000115176115 commitments$’000760 0 $’000115252115 Industry( *f )In ( *Detailsf )In2010-11 Details 2010-11 Audience of this offunding this funding Fund Development Fund programswas programswas separated separated approved approved from from the in the in2010/11Screen 2010/11Screen Audience Audience Development DevelopmentExpensed$’000 455Fund$’000 Fund and andForwardcommitments thecommitments the latter latter years$’000 was$’000 was0 administered administered$’000Total455$’000 by Arts NSW. Industry(AustralianAuroraf) IndustryDetails Script Audience Children’sofAudience fundingDevelopment Development DevelopmentTelevision programs Workshops Foundation approved in 2010/11 $’000455115176455 $’000760 0 $’000455115252455 (VFXAurora byf) (Aurora byDetailsArtsf) schemeDetailsArts ScriptNSW. ScriptNSW. of of fundingDevelopment fundingDevelopment programs programs Workshops Workshops approved approved in in2010/11 2010/11 ExpensedExpensed$’000176$’00099176 ForwardcommitmentsForward years$’000 years$’00076376 $’000Total102252$’000Total252 VFXAurora IndustryAustralianVFX scheme Scriptscheme Audience Children’s Development Development Television Workshops Foundation Expensed$’000176455115$’0009999 Forward years$’000$’0007630 3Expensed $’000Total102252455115$’000 102 Forward years Total AuroraProductionAustralian (f) AuroraAustralian Details Script Script Children’s ofInvestment Children’sfundingDevelopment Development Television programsFund Television Workshops Workshops Foundation approved Foundation in 2010/11 7,557$’000176115176115 commitmentscommitments$’00043876076 0 7,995$’000252115252115 Expensed ProductionAustralianVFX(Industryf) Production(DetailsfForward) schemeDetails Audience Children’s ofInvestment years offundingInvestment funding Development Television programsFund programsFund Total Foundation approved approved in in2010/11 2010/11 7,5571154557,55799 commitments43843803 7,9951151024557,995 commitments AustralianProjectIndustry( Auroraf) AustralianIndustry Details Script/ AudienceScript Children’sofAudience Children’sfundingDevelopment Development Development DevelopmentTelevision programs Television Workshops Foundation approved Foundation in 2010/11 ExpensedExpensed$’0001,238115455176$’000115455 ForwardForward years$’000 112years$’000760 0 $’0001,350Total115455252$’000Total115455 ProjectIndustryProductionAuroraVFXProjectAuroracommitments scheme Script/ AudienceScript Script/ ScriptInvestment Development Development Development Development Development Fund Workshops Workshops 1,238$’0007,5574551761,23899176 $’000112438761120376 $’0001,350$’0007,9954552521021,350 252 $’000 $’000 IndustryRegional(f)VFXAuroraAustralian Industry(VFXDetailsf) schemeDetails Scriptscheme Audience Filming Children’sofAudience offundingDevelopment funding Fund Development DevelopmentTelevision programs programs Workshops Foundation approved approved in in2010/11 2010/11 4554511761159945599 commitmentscommitments4167603 03 455867102252115455102 $’000 Regional(VFXProjectAustralianProductionf) RegionalAustralianDetails scheme / Script Filming Children’s of InvestmentFilming $’000Children’sfunding Development Fund Fund Television programsFund Television $’000 Foundation( approvedf )Foundation Details ofin funding2010/11 programs approved1,2387,557 in451115 992010/11451115 41611243841630 0 1,3507,995867102115 867115 VFXEmergiAuroraProductionAustralianIndustryVFXAuroraProduction scheme ngScriptscheme Audience Script FilmmakersChildren’s Investment DevelopmentInvestment Development Development Television FundFund Fund Workshops Workshops Foundation 7,557$’0001762911154557,557$’0009917699 $’000438$’00076304383076 3 7,995$’000102321115455 2527,995$’000102 252 (f) Details of funding programs approved in 2010/11 EmergiAuroraProductionRegionalIndustryProjectEmergiIndustry ngScript/ AudienceScript Filmingng Filmmakers AudienceInvestment Filmmakers Development Development Fund Development Development FundFund Fund Workshops Aurora Script Development Workshops 7,5571,238291176451455291455 4384161123076030 0 1767,9951,350321252867455 321455 76 252 ProductionOtherProject(IndustryVFXAustralianf) ProductionAustralianProject(Detailsf) schemeDetails industry / AudienceScript /Children’s ofScriptInvestment Children’s offundingInvestment promotionDevelopment funding Development Development Television programsFund Television programsFund Foundation approved Foundation approved in in2010/11 2010/11 7,5571,2381154557,5571,2389399115 438112438112013 0 7,9951,350455102 1157,9951,35094 115 Aurora Script Development Workshops 176 OtherProjectAustralianEmergiVFXRegionalOtherVFX scheme industry ngscheme/ industryScript Filming FilmmakersChildren’s promotionDevelopment 76 promotionFund Television Fund 252 FoundationAustralian Children’s Television Foundation 1,23811529145193999399 11241630103 13 1151,350115321102867 9410294 0 115 Project RegionalAuroraVFXProductionIndustryProjectIndustryRegionalAurora scheme Script/ AudienceScript FilmingScript/ AudienceScript InvestmentFilming Development Development Development FundDevelopment Development Fund Development Fund Workshops Workshops 10,4751,2387,5574554511761,23899455451176 1,076112416438761124160376 0 11,5511,3507,995867252102 4551,350867252 455 Australian Children’s Television Foundation 115 IndustryRegionalOtherProductionEmergiProduction industryng Audience Filming Filmmakers Investment Investment promotion Fund0 Development FundFund Fund 115 Industry Audience Development 7,5574554512917,55793 4164383043801 4557,9954558673217,995 94 0 455 RegionalEmergiAustralianProductionProject VFXRegionalVFXEmergiAustralian scheme ngscheme/ Script Filmingng FilmmakersChildren’s InvestmentFilming Filmmakers Children’s Development Fund Fund Television FundFund Television Fund Foundation Foundation 10,4757,5571,23810,4754512911159945129111599 1,0764164381121,076304160330 03 11,5517,9951,35011,551867321115 102867321115 102 Industry Audience Development 455 VFXEmergi ProjectOtherProject scheme industry ng/ Script /Filmmakers Script promotionDevelopment 0Development Fund 455 VFX scheme 10,4751,2382911,2389993 1,0761123011231 11,5511,350991023211,350 94 3 102 EmergiOtherIndustryProject RegionalProductionEmergiProductionOtherIndustry industry ng/ AudienceindustryScript Filmingng Filmmakers AudienceInvestment Filmmakers Investment promotionDevelopment promotionFund Development Development FundFund FundFund 1,2387,5572914554517,5579329145593 112416438304381030 10 7,9951,350321455867 7,9959432145594 VFX scheme 99 Production Regional4. Regional Gain Filming InvestmentFilming / (loss) Fund3 Fund on Fund disposal 102Production Investment Fund 10,4757,557451451 1,076438416416 7,55711,5517,995867 867 438 7,995 VFXRegional4.EmergiOtherProject ProjectVFX4. scheme industry ngscheme Gain/ Script Filming Gain/Filmmakers Script / (loss) promotion Development / (loss) FundDevelopment on Fund on disposal disposal 10,4751,23810,4754512911,238999399 1,0761124161,0763011231 3 11,551 1,35011,551102867321 1,35094102 EmergiOtherEmergiOther industryng industryng Filmmakers Filmmakers promotion promotion Fund Fund 2919329193 30130 1 3219432194 Production Investment Fund 7,557 RegionalProductionEmergi Other4.Project RegionalProduction industry ng Gain/ ScriptFilming Filmmakers InvestmentFilming / Investment (loss) promotion438Development Fund Fund on FundFund disposal Fund 7,995 Project / Script Development 10,4757,5571,2384512917,55793451 1,076416438112304164381 1,23811,5517,9951,350 8673217,995 94 867 112 1,350 4. Other Other industry Gain industry / (loss)promotion promotion on disposal 10,47510,4759393 201,076111,076 1 1 11,5512011,551941094 Project / Script Development 1,238 EmergingProject OtherRegionalEmergiProject industry / Script Filmingng/Filmmakers Script Filmmakers promotion112Development FundDevelopment Fund Fund 1,350 Regional Filming Fund 10,4751,2382914511,23893291 201,07620111124161130 112130 11,5514511,35020 3218671,350 209410 321 10 416 867 Emergi 4. 4. ng Gain GainFilmmakers / (loss) / (loss) on Fund on disposal disposal Emergi ng Filmmakers Fund 10,47510,475291 $’0001,0761,07630 11,551291$’00011,551321 30 321 Regional Filming Fund 451 Other Regional4. OtherRegional industry Gain industry Filming Filming / (loss)promotion416 promotionFund Fund on disposal 867 10,4754519345193 $’00020$’0001,07611416 4161 1 11,551$’00020867$’000941086794 Emerging Filmmakers Fund 291 Other Gain4. 4. /industry (loss) Gain Gain /on (loss)promotion /30 disposal(loss) on on disposal ofdisposal plant321Other and industry equipment promotion 93 2011 1 9320 9410 1 94 Gain4.Emergi Gain Emergi / (loss)ng Gain/ (loss)ng Filmmakers Filmmakers /on (loss) on disposal disposal on Fund disposalFund of ofplant plant and and equipment equipment 10,47510,475291291 $’0001,0761,07630 30 11,551$’000 11,551321321 Other industry promotion 93 4.Proceeds 4. Gain Gainfrom / (loss) disposal/ (loss)1 on on disposal disposal94 10,475 $’000201,0762011011 10,47511,551$’00020 2010110 1,076 11,551 4.ProceedsOtherGain ProceedsOther /industry (loss) Gain industry from from /on (loss) promotiondisposal disposal promotiondisposal on disposal of plant and equipment 9393 $’00020$’000110 01 1 $’00020$’0009410194 1 10,475 Gain Written / (loss) down 1,076onvalue disposal of assets of11,551 plantdisposed and equipment 20(3)201111 (211)20201010 WrittenProceedsWritten down fromdown value disposal value of ofassets assets disp disp osedosed 10,47510,475 $’000201,076(3)1101,076(3) 11,551$’000(211)2011,551(211)101 NetGain4. Gain4. gain / (loss) Gain/ (loss)/ Gain(loss) /on (loss) /on disposal(loss)on disposal disposalon on disposal ofdisposal ofplant of plant plant and and and equipment equipment equipment $’000202011$’000(3)2011201111 $’000(210)202010$’0002020101010 GainWritten4.Proceeds / (loss) Gaindown from /onvalue (loss) disposal disposal of on assets disposal of plantdisp4.osed and equipment Gain / (loss) on disposal $’000(3)0 $’000(211)1 GainProceeds NetGainProceeds Net gain / gain(loss) / (loss)/ from(loss) / from (loss)on disposal on disposal ondisposal disposalon disposal disposal of ofplant of plant ofplant andplant and and equipment and equipment equipment equipment $’00020$’000(3)110(3) 0 $’000(210)20$’000(210)101 1 4. Gain / (loss) on disposal ProceedsNet Written gain down / from(loss) value disposal on of disposal assets disp of plantosed and equipment $’000$’000(3)0 $’000(210)(211)$’0001 ProceedsWritten 4.Gain ProceedsWritten 4. / (loss) Gaindown Gainfromdown from /onvalue (loss) disposal /value disposal(loss) disposal of on ofassets on disposalassets ofdisposal plantdisp disposed andosed equipment $’00020(3)20110(3)11 0 $’000(211)20(211)2010110 1 Written NetGain5. Gain gain / (loss) Otherdown/ (loss)/ (loss) on valuegains on disposalon disposalof /disposal (losses)assets of ofplantdisp of plant plantosed and and and equipment equipment equipment 20(3)11 (211)(210)2010 2011 2010 NetGain5.Proceeds Net5. gain / gain(loss) Other / Otherfrom(loss) / (loss)on gains disposal gains disposalon on /disposal (losses) /disposal (losses) of plant of ofplant andplant and equipment and equipment equipment $’000$’000(3)0(3) $’000(210)$’000(210)1 ProceedsWrittenProceedsWritten down fromdown20 from 11value disposal value disposal of ofassets assets 20disp 10disposed osed $’000(3)0(3) 0 $’000(211)(211)1 1 $’000 $’000 GainProceeds Written5.Net Gain gain / (loss) Otherdown/ (loss)/ from(loss) on valuegains disposal on disposalon disposalof /disposal (losses)assets of ofplantdisp of plant plantosed and and and equipment equipment equipment 20(3)2011011 (211)(210)202010110 5. WrittenNet WrittenNet gain gain Otherdown / down$’000(loss) / (loss) valuegains value on ofon /disposal (losses)ofassets disposal assets$’000 dispdisposed of disp ofplantosed plantosed and and equipment equipment 20(3)11(3) (211)(210)20(211)(210)10 Proceeds WrittenNetGainProceeds gain / (loss) down / from(loss) from onvalue disposal disposal ondisposal of disposal assets of plantdisp of Gainplantosed and / and (loss)equipment equipment on disposal of plant and equipment $’00020$’000(3)2011011 0 $’000(211)(210)20$’0002010110 1 Gain / (loss) on disposal of plant and equipment Net5. Net 5. gain gain Other / Other(loss) / (loss) gains gains on on /disposal (losses) /disposal (losses) of ofplant plant and and equipment equipment $’000(3)(3) $’000(210)(210) NetWritten Gain5.Proceeds WrittenGain gain / (loss) Otherdown/ (loss)/ fromdown(loss) on valuegains disposal onvalue disposalon disposalof /disposal (losses)ofassets assets of ofplantdisp of plantdisp Proceedsplantosed andosed and and equipment equipmentfrom equipment disposal $’00020$’000(3)110(3) $’000(210)(211)20$’000(211)101 0 1 Proceeds from disposal Written Other5. 5. gains Otherdown Other / valuegains(losses)0 gains of / (losses)assets / (losses) disp 1Written osed down value of assets disposed 20(3)11 (211)2010 (3) (211) OtherNet5.Proceeds OtherNetProceeds gain gainsgain Other gains/ from(loss) / from/(loss) gains(losses) disposal/ (losses) ondisposal on /disposal (losses) disposal of ofplant plant and and equipment equipment $’000(3)0(3) 0 $’000(210)(210)1 1 Written down value of assets disposed Net5.Impairment 5. gain Other / Other(loss) of(3) gainsreceivable gains on /disposal (losses) / (losses) (211) of Net plant gain and / (loss)equipment on disposal of plant and equipment $’00020(3)2011011 $’000(210)(150)20201010 (3) (210) 5.ImpairmentWrittenOther ImpairmentWritten gains Otherdown down of / valuegainsof(losses)receivable value receivable of / (losses)ofassets assets disp disposedosed $’00020$’000(3)110(3) 0 $’000(150)(211)20$’000(150)(211)10 Net gain / (loss) on disposal of plant and equipment Other gains /(3) (losses) (210) 201120110 (150)20102010 5.Other NetImpairment 5.OtherNet gain gainsgain Other gains/ Other(loss) of/ /(loss) gains(losses)receivable / gains (losses)on on /disposal (losses) /disposal (losses) of ofplant plant and and equipment equipment $’00020(3)110(3) 0 $’000(150)(210)20(150)(210)10 5.Impairment Other Other gains Other gains of / gains(losses)receivable / (losses) / (losses) 5. Other gains / (losses) $’00020$’0002011011 $’000(150)20$’000201010 Other gains / (losses) $’00020110 $’000(150)2010 5. Other gains / (losses) Other6.Impairment OtherImpairment gains Current gains of / of(losses)receivable / Assets(losses)receivable – Cash and cash equivalents $’000$’0000 0 $’000(150)$’000(150) 6. 5.OtherImpairment 6. 5. gains CurrentOther CurrentOther of / gains(losses)receivable Assetsgains Assets / (losses) / –(losses) Cash– Cash and and cash cash equivalents equivalents $’000202011011 $’000(150)20201010 OtherImpairmentOtherImpairment gains gains of / of(losses)receivable / (losses)receivable 20110 0 (150)20(150)10 2011 2010 Other Impairment6. gains Current of / (losses)receivable Assets – Cash and cash equivalents $’000$’0000 $’000(150)$’000 6. ImpairmentOther ImpairmentOther gains Current gains20 of /11 of(losses)receivable / Assets(losses)receivable – Cash 2010 and cash equivalents $’00020110 0 $’000(150)20(150)10 $’000 $’000 Other ImpairmentOther gains gains of / (losses)receivable / (losses) 202011011 (150)20201010 Other6. Other 6. gains Current gains Current$’000 / (losses) / Assets(losses) Assets – Cash– $’000Cash and and cash cash equivalents equivalents $’0000 0 $’000(150)(150) ImpairmentOther 6. Impairment gains Current of / of(losses)receivable Assetsreceivable – Cash andOther cash gains equivalents / (losses) $’00020$’000110 0 $’000(150)20$’000(150)10 Other gains / (losses) Impairment Cash6. 6. at Currentbank Current of andreceivable Assets onAssets hand – Cash – Cash andImpairment and cash cash equivalents ofequivalents receivable 10,44720110 8,265(150)2010 0 (150) OtherCash6. OtherCash at gains Currentatbank gains bank / and(losses) / Assetsand(losses) on on hand hand– Cash and cash equivalents 10,447$’00010,4470 0 8,265$’000(150)8,265(150) 6. 6. Current Current Assets Assets – Cash– Cash and and cash cash equivalents equivalents 10,44720112011 8,26520102010 Impairment of receivable Impairment CashOtherImpairment at gains bank of / andof(losses)receivable0 receivable on hand (150)Other gains / (losses) 10,447$’00020110 0 8,265$’000(150)20(150)10 0 (150) 6. Current Assets – Cash and cash equivalents 10,447$’0002010,447$’000201111 8,265$’000208,265$’000201010 Other gains / (losses) Cash at bank and0 on hand (150) 10,447$’000 8,265$’000 Cash6. Other Cash6. Other at gains Currentatbank gains Currentbank / and(losses) / Assetsand(losses) onAssets on hand hand– Cash – Cash and and cash cash equivalents equivalents 10,447$’0002010,447$’000110 0 8,265$’000(150)208,265$’000(150)10 Cash6. For the at Currentpurposebank and Assetsof on the hand statement – Cash and 6.of cash cash Currentflows, equivalents cash Assets and –cash Cash equivalents and cash include equivalents cash at bank,10,44720 cash201111 on hand, short8,265202010 10 For For the the purpose purpose of ofthe the statement statement of ofcash cash flows, flows, cash cash and and cash cash equivalents equivalents include include cash cash at atbank, bank,10,447$’0002010,447 cash11 cash on on hand, hand, short8,265$’00020 short8,26510 6. Current Assets – Cash and cash equivalents termCashCash deposits at atbank bank and and onbank on hand handoverdraft. 10,447$’00010,447$’000 $’0008,265$’0008,265 term6.CashFor term6. the deposits at deposits Currentpurposebank Current and Assetsofand onbankAssetsthe bankhand statement overdraft.– Cash overdraft.– Cash and of and cash cash cash flows, equivalents equivalents cash and cash equivalents include cash at bank,10,447$’00020 cash201111 on hand, short$’0008,265202010 10 Cash Cash at atbank bank and and on on hand hand 10,44710,447 8,2658,265 Cash termFor the deposits at purposebank and of on bankthe hand statement overdraft. of cash flows, cash and cash equivalents include cash at bank,10,447$’00020 cash$’00011 on hand, short$’0008,26520$’00010 2011 2010 term CashFor For the deposits andthe purpose purposecash20 11and equivalent of bankofthe the statement overdraft. statement assets2010 of recognised ofcash cash flows, flows, in cashthe cash statement and and cash cash of 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Cash and cash equivalents (per statement of financial position) CashClosingCash and caand10,447 cashsh cash and equivalents cashequivalents equivalents (per8,265 (per statementClosing statement(per statement ca ofsh offinancial and financial ofcash cash position) equivalentsposition) flows) (per statement of cash flows)10,44710,447 8,2658,265 10,447 8,265 Refer Note 18 for details regarding credit risk, liquidity risk and market risk arising from financial instruments. Closing cash and cash equivalents (per statement of cash flows) ClosingClosing ca10,447 shca shand and cash cash equivalents equivalents8,265 (per (per statement statement of ofcash cash flows) flows) 10,44710,447 8,2658,265 Refer Refer Note Note 18 18 for for details details regarding regarding credit credit risk, risk, liquidity liquidity risk risk and and market market risk risk arising arising from from financial financial instruments. instruments. Refer Note 18 for details regardingRefer credit Note risk, 18 liquidity for details risk regardingand market credit risk risk,arising liquidity from financialrisk and marketinstruments. risk arising from financial instruments.

Refer Note 18 for details regarding credit risk, liquidity risk and market risk arising from Refer Referfinancial Note Note 18instruments. 18 for for details details regarding regarding credit credit risk, risk, liquidity liquidity risk risk and and market market risk risk arising arising from from financial financial instruments. instruments.

FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALESFINANCIAL FILM FILM AND AND TELEVISION TELEVISION STATEMENTS OFFICE OFFICE FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIAL STATEMENTS – NEW SOUTH WALESNew South FILM ANDWales TELEVISION Film and OFFICETelevision Office FINANCIAL7. FINANCIAL7. Current Current STATEMENTSAssets STATEMENTSAssets - Receivables - Receivables – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE 7. 7. Current Current Assets Assets - Receivables - Receivables 7. 7. Current Current Assets Assets - Receivables - Receivables 7. Current Assets - Receivables 20201111 20201010 Notes 7. 7. Currentto Current the Assets financial Assets - Receivables - Receivables statements (continued) $’000$’000 $’000$’000 7. Current Assets - Receivables 20201111 20201010 7. Current Assets - Receivables 20201111 20201010 7.Curr 7.C urr ent ent Current Current Assets Assets - Receivables - Receivables $’00020$’00011 $’00020$’00010 Sale7. Sale of Currentofgoods goods and Assetsand services services - Receivables $’00020148$’000201114811 $’00020357$’000201035710 C urr Currentent $’0002011 $’0002010 GSTC urrGSTCurr ent ent $’00020167$’00011167 $’00020$’000811081 SaleC urr Sale entof ofgoods goods and and services services $’00020111482011148 $’00020103572010357 SaleLess: CurrSaleLess:Curr entof Allowance entofgoods Allowance goods and andfor servicesfor impairment services impairment (GST) (GST) $’00020(10)14811(10)148 $’00020357103570 0 GSTSaleCurrGST entof goods and services $’000167148$’000167 $’000357$’0008181 InterestGSTSaleCurrInterestGSTSale entof ofgoods Receivable goodsReceivable and and services services $’000299167148299167148 $’0001943578119435781 Less:GSTCurrentSaleCLess:urr of Allowance entgoods Allowance and for servicesfor impairment impairment (GST) (GST) (10)167148(10) 357810 0 ProductionLess:CSaleGSTurrProductionLess:GST entof Allowance goods Allowance Loan Loanand forFund servicesforFund impairment impairment (GST) (GST) (10)14816765(10)16765 71935781719081 0 InterestSaleLess:GSTSaleInterest of Allowance ofgoodsReceivable goodsReceivable and andfor services impairment services (GST) (10)148299167148299 357194813571940 InterestLess:SaleGSTInterestLess: of Allowance goods ReceivableAllowance Receivable and for services for impairment impairment (GST) (GST) ((10)29914816759((10)29959) ) (150)194357(150)811940 0 GSTProductionInterestLess:GSTProduction Allowance Receivable Loan Loan forFund Fund impairment (GST) (10)1672996516765 71919481719081 Less:ProductionGSTInterest Less:ProductionInterest Allowance ReceivableAllowance Receivable Loan Loan forFund forFund impairment impairment (GST) ((10)6101672995965(61029959)65 ) 1,201(150)7191941,201(150)817191940 Less:InterestProductionProductionLess: Allowance ReceivableAllowance Loan Loan forFund forFund impairment impairment (GST) (GST) (10)(2995965(10))65 (150)1947197190 0 Less: Less: Allowance Allowance for for impairment impairment (GST) ((10)61059(61059) ) 1,201(150)1,201(150)0 ProductionLess: InterestLess:Interest Allowance ReceivableAllowance Receivable Loan forFund for impairment impairment (6102995965(29959) ) 1,201(150)194719(150)194 Less: DetailsInterest Details Allowance regarding Receivable regarding for credit creditimpairment risk, risk, liquidity liquidity risk risk and and market market risk, risk, including including financial financial assets assets that that are are either either(61029959 past610) past due due or or 1,201(150)1941,201 Production Less: Production Allowance Loan Loan forFund Fund impairment (6105965610)65 1,201(150)7191,201719 Detailsimpaired, ProductionDetailsimpaired, regarding areregarding Loan are disclosed disclosed Fundcredit credit risk,in Noterisk,in liquidityNote liquidity18. 18. risk risk and and market market risk, risk, including including financial financial assets assets that that are are either either 65past past due due or or 719 DetailsLess:Less: Allowance regarding Allowance for credit for impairment impairment risk, liquidity risk and market risk, including financial assets that are either(59)610 past(59) due or 1,201(150)(150) Details Less:Details Allowance regarding regarding for credit creditimpairment risk, risk, liquidity liquidity risk risk and and market market risk, risk, including including financial financial assets assets that that are are either either(59 past) past due due or or (150) impaired,Details impaired, regarding are are disclosed disclosed credit risk,in Notein liquidityNote 18. 18. risk and market risk, including financial assets that are either610 past610 due or 1,2011,201 impaired, DetailsMovementimpaired,DetailsMovement regarding areregarding in are theindisclosed thedisclosed allowancecredit allowancecredit risk,in Noterisk,in forliquidityNote for liquidityimpairment18. impairment18. risk risk and and market market risk, risk, including including financial financial assets assets that that are are either either610 past past due due or or 1,201 impaired, Details regarding are disclosed credit risk,in Note liquidity 18. risk and market risk, including financial assets that are either past due or Detailsimpaired,impaired, regarding are are disclosed disclosed credit risk,in Notein liquidityNote 18. 18. risk and market risk, including financial assets that are either past due or Detailsimpaired,Movement DetailsMovement regarding areregarding in theindisclosed the allowancecredit allowancecredit risk,in Noterisk, forliquidity for liquidityimpairment18. impairment risk risk and and market market risk, risk, including including financial financial assets assets that that are are either either past past due due or or Detailsimpaired, Movement Movement regarding are in theindisclosed the allowancecredit allowance risk,in Note forliquidity for impairment18. impairment risk and market risk, including financial assets that are either20 2011past11 due or 20201010 impaired,Movement impaired, are in are thedisclosed disclosed allowance in Notein for Note impairment18. 18. impaired, Movement Movement are in theindisclosed the allowance allowance in Note for for impairment18. impairment $’00020$’000201111 $’00020$’000201010 Movement in the allowance for impairment 2011 2010 Movement in the allowance for impairment 20201111 20201010 Balance MovementBalanceMovement at inat1 Julythein1 Julythe allowance allowance for for impairment impairment $’00020150$’00011150 $’00020224$’00010224 Movement in the allowance for impairment 20112011 20102010 Balance BalanceAmountsAmounts at at1 written July1 written July off off during during the the year year $’00020150$’000111500 0 $’000(20224224$’000(10224224) ) Balance at 1 July $’00020150$’00011 $’00020224$’00010 BalanceBalanceAmountsAmounAmountsAmoun atts at1 recoveredwrittents July1 recoveredwritten July off off during during the the year year $’00020(91)1502011(91)150011 0 $’000(20224224(20102242240)10 0) Balance BalanceAmounts at at1 written July1 July off during the year $’00020150111500 $’000(2022422410224) BalanceAmounAmountsIncreaseAmounAmountsIncrease atts 1 /recoveredwrittents (decrease)July /recoveredwritten (decrease) off off during in during allowancein allowancethe the year year recognised recognised in surplusin surplus / (deficit) / (deficit) $’000(91)150$’00010(91)010 0 $’000(224224150$’000(2241500) 0) BalanceAmountsAmounAmounts atts 1 recoveredwritten July written off off during during the the year year $’000(91)1500 0 $’000(224)(224224(224)0) BalanceBalanceAmounAmountsIncreaseIncreaseAmoun atts at130 /recoveredwrittents (decrease) July 130 /Junerecovered (decrease)July June off during in during allowancein allowancethe the year year recognised recognised in surplusin surplus / (deficit) / (deficit) (91)1506910(91)15006910 (2242241502241500) 0 BalanceAmountsIncreaseAmoun at 1/recoveredwrittents (decrease)July recovered off during in during allowance the the year year recognised in surplus / (deficit) (91)15010(91)0 (2242241500) 0 Balance BalanceAmountsIncreaseAmounAmountsIncrease atts at30 /recoveredwritten (decrease) 30/Junewritten (decrease) June off off during induring allowancein allowancethe the year year recognised recognised in surplusin surplus / (deficit) / (deficit) (91)106906910 0 (224150(2241500) ) BalanceIncreaseAmountsAmounIncrease atts 30 /recoveredwritten (decrease) /June (decrease) off during in allowancein allowancethe year recognised recognised in surplusin surplus / (deficit) / (deficit) (91)1069010 (2241501500) 8.Balance 8.BalanceAmounIncrease Amoun Non-Current atts Non-Current at30 /recoveredts (decrease) 30 Junerecovered June Assets during Assetsin during allowance –the Plant–the yearPlant year recognisedand and Equipment Equipment in surplus / (deficit) (91)1069(91)69 1501500 0 Balance BalanceAmounIncrease atts at30 /recovered (decrease) 30 June June during in allowance the year recognised in surplus / (deficit) (91)691069 1501500 Balance8. 8. Increase Increase Non-Current at Non-Current 30/ (decrease) /June (decrease) Assets Assetsin allowancein allowance– Plant– Plant recognisedand recognisedand Equipment Equipment in surplusin surplus / (deficit) / (deficit) 106910 150150 Balance8. Increase Non-Current at 30/ (decrease) June Assets in allowance – Plant recognisedand Equipment in surplus / (deficit) 1069 150 Balance 8. Balance 8. Non-Current at Non-Current at30 30 June June Assets Assets – Plant– Plant and and Equipment Equipment PlantPlant and69 and69 Total150Total150 Balance8. 8. Non-Current at Non-Current 30 June Assets Assets – Plant– Plant and and Equipment Equipment 69 150 8. Non-Current Assets – Plant and Equipment equipmentPlantequipmentPlant and and TotalTotal 8. Non-Current Assets – Plant and Equipment Plant and Total 8. 8. Non-Current Non-Current Assets Assets – Plant– Plant and and Equipment Equipment equipmentPlantequipmentPlant$’000 and$’000 and $’000Total$’000Total 8. Non-Current Assets – Plant and Equipment equipmentPlantPlant and and TotalTotal At At1 Ju1 July ly20 201010 – fair– fair valu value e equipmentPlantequipment$’000 and$’000 $’000Total$’000 equipmentPlantequipment$’000 and $’000Total AtGross AtGross1 Ju1 carrying July carrying ly20 2010 10 amount– fairamount– fair valu valu e e equipmentPlantPlant$’000 and171$’000 and171 $’000Total171$’000Total171 At 1 July 2010 – fair value equipmentPlant$’000 and$’000 $’000Total$’000 GrossAccumulatedAt GrossAccumulatedAt1 July1 carrying Ju carrying ly2010 20 depreciation 10 amount –depreciation fairamount– fair value valu e equipmentequipment$’000(92)171(92)171 $’000(92)171(92)171 At Gross At1 Ju1 carrying July ly20 2010 10 amount– fair– fair valu value e equipment$’000171 $’000171 AtNetAccumulatedGross NetAccumulatedGross1 Carrying Ju Carryingcarryingly carrying 2010 Amountdepreciation amount –Amountdepreciation fairamount valu e $’000(92)171$’00079(92)17179 $’000(92)171$’00079(92)17179 GrossAtAccumulated Gross1 Ju carryingly carrying 2010 depreciation amount– fairamount valu e $’000(92)171171 $’000(92)171171 AccumulatedAtGross Net AtNetAccumulated1 Carrying Ju1 Carryingcarrying July ly20 2010 Amountdepreciation 10 amount –Amountdepreciation fair– fair valu valu e e (92)17179(92)79 (92)17179(92)79 AtGrossAccumulatedNet Accumulated1 Carrying Ju carryingly 2010 Amountdepreciation amount –depreciation fair valu e (92)17179(92) (92)17179(92) NetGrossAccumulated At GrossAtNet30 Carrying 30 JuneCarryingcarrying Junecarrying 20 Amountdepreciation 2011 amountAmount11 –amount fair– fair value value (92)1717917179 (92)1717917179 GrossNetAccumulated Net Carrying Carryingcarrying Amountdepreciation amountAmount (92)1717979 (92)1717979 AccumulatedNetAtGross AccumulatedAtGross30 Carrying 30 Junecarrying Junecarrying 20 Amountdepreciation 2011 amount depreciation11 –amount fair– fair value value (92)16879(92)168 (92)16879(92)168 AccumulatedNetAt 30 Carrying June 20 Amountdepreciation11 – fair value (92)79 (92)79 NetGrossAccumulatedAt NetGrossAccumulatedAt30 Carrying 30 JuneCarryingcarrying Junecarrying 2011 Amountdepreciation 20 amount Amountdepreciation11 –amount fair– fair value value (119)168(119)7916879 (119)168(119)7916879 Net AtGross At30 Carrying 30 Junecarrying June 20 Amount 2011 amount11 – fair– fair value value 16879 16879 Gross AtNetAccumulated NetAccumulatedGross30 Carrying JuneCarryingcarrying carrying 20 Amountdepreciation11 amount Amountdepreciation –amount fair value (119)168(119)4916849 (119)168(119)4916849 GrossAtAccumulated Gross30 Junecarrying carrying 20 depreciation11 amount –amount fair value (119)168168 (119)168168 AccumulatedAtGross Net AtNetAccumulated30 Carrying 30 JuneCarryingcarrying June 20 Amountdepreciation 2011 amount Amountdepreciation11 – fair– fair value value (119)168(119)4949 (119)168(119)4949 AtGrossAccumulatedNet Accumulated30 Carrying Junecarrying 20 Amountdepreciation11 amount depreciation – fair value (119)168(119)49 (119)168(119)49 GrossAccumulated ReconciliationNetGross ReconciliationNet Carrying Carryingcarrying carrying Amountdepreciation amount Amount amount (119)1684916849 (119)1684916849 GrossNetAccumulated Net Carrying Carryingcarrying Amountdepreciation amountAmount (119)1684949 (119)1684949 AAccumulatedNetReconciliation reconciliationAAccumulatedReconciliation Carryingreconciliation Amountdepreciation ofdepreciation ofthe the carrying carrying amount amount of ofplant plant and and equipment equipment at atthe the beginning beginning and and end end of ofthe the current(119) current(119)49 reporting reporting (119) (119)49 AccumulatedNetReconciliation Carrying Amountdepreciation (119)49 (119)49 AperiodNetReconciliation reconciliationAperiodNetReconciliation Carryingreconciliation Carryingis setis set outAmount out Amountof below. of thebelow. the carrying carrying amount amount of ofplant plant and and equipment equipment at atthe the beginning beginning and and end end of ofthe the current current4949 reporting reporting 4949 ANet Reconciliation reconciliationReconciliation Carrying Amount of the carrying amount of plant and equipment at the beginning and end of the current49 reporting 49 Aperiod Reconciliation reconciliationperiodA reconciliation is setis set out out of below. of thebelow. the carrying carrying amount amount of ofplant plant and and equipment equipment at atthe the beginning beginning and and end end of ofthe the current current reporting reporting Aperiod Reconciliation reconciliationA reconciliation is set out of below. ofthe the carrying carrying amount amount of ofplant plant and and equipment equipment at atthe the beginning beginning and and end end of ofthe the current current reporting reporting periodA Reconciliation reconciliation periodReconciliation is setis set out out of below. thebelow. carrying amount of plant and equipment at the beginning and end ofPlant thePlant current and and reporting TotalTotal AperiodReconciliation reconciliationperiod is setis set out out of below. thebelow. carrying amount of plant and equipment at the beginning and end of the current reporting A period reconciliationA reconciliation is set out of below. ofthe the carrying carrying amount amount of ofplant plant and and equipment equipment at atthe the beginning beginning and and end end ofequipmentPlant oftheequipmentPlant the current and current and reporting reporting Total Total Aperiod reconciliation is set out of below. the carrying amount of plant and equipment at the beginning and end ofPlant the current and reporting Total period period is setis set out out below. below. equipmentPlantequipmentPlant$’000 and$’000 and $’000Total$’000Total period is set out below. equipmentPlantPlant and and TotalTotal Year Year ended ended 30 30 June June 2011 2011 equipmentPlantequipment$’000 and$’000 $’000Total$’000 equipmentPlantequipment$’000 and $’000Total NetYear YearNet carrying ended carrying ended amount30 amount30 June June at 2011 atstart 2011 start of ofyear year equipmentPlantPlant$’000 and$’00079 and79 $’000Total$’000Total7979 Year ended 30 June 2011 equipmentPlant$’000 and$’000 $’000Total$’000 NetYearAdditionsNetYearAdditions carrying ended carrying ended amount30 amount30 June June at 2011 atstart 2011 start of ofyear year equipmentequipment$’00079079 0 $’00079079 0 Year NetYear carrying ended ended amount30 30 June June at 2011 start 2011 of year equipment$’00079 $’00079 YearDisposalsNetAdditions AdditionsDisposalsNet carrying ended carrying amount30 amount June at 2011 atstart start of ofyear year $’000$’000(3)790(3)79 0 $’000$’000(3)790(3)79 0 YearNetAdditionsNet carrying ended carrying amount30 amount June at 2011 atstart start of ofyear year $’00079079 $’00079079 YearAdditionsNetDepreciationDisposalsYearDisposalsDepreciationAdditions carrying ended ended amount30expenses 30expensesJune June at 2011 start 2011 of year (27)(3)79(27)0(3) 0 (27)(3)79(27)0(3) 0 YearNetAdditionsDisposalsAdditions carrying ended amount30 June at 2011 start of year (3)790 0 (3)790 0 DisposalsNetAdditionsDepreciationNetDepreciationDisposals carrying carrying amountwrittenexpenses amountexpenseswritten backat backatstart starton on ofdisposal ofyeardisposal year (27)(3)79(27)0(3)79 0 (27)(3)79(27)0(3)79 0 NetDisposalsAdditionsDepreciationDisposals carrying amountexpenses at start of year (27)(3)790(3) (27)(3)790(3) DepreciationAdditionsDisposalsNetAdditionsNetDepreciation carrying carrying amountexpenseswritten amountwrittenexpenses backat backatend endon ofon disposal ofyear disposal year (27)(3)49(27)049 0 (27)(3)49(27)049 0 AdditionsDisposalsDepreciationDepreciation expenseswritten expenses back on disposal (27)(3)(27)0 (27)(3)(27)0 DisposalsDepreciation NetDisposals NetDepreciation carrying carrying amountwrittenexpenses amountwritten backat backatend endon ofon disposal ofyear disposal year (27)(3)490(3)49 0 (27)(3)490(3)49 0 DisposalsDepreciationNetDepreciation carrying amountexpenseswritten written backat backend on ofon disposal year disposal (27)(3)490 0 (27)(3)490 0 Depreciation NetDepreciation Net carrying carrying amountexpenseswritten amountexpenses backat atend endon of disposal ofyear year (27)49(27)049 (27)49(27)049 DepreciationNet Net carrying carrying amountexpenseswritten amount backat atend endon of disposal ofyear year (27)49049 (27)49049 DepreciationNet Depreciation carrying amountwritten written backat backend on ofon disposal year disposal PlantPlant and and LeaseholdLeasehold490 0 TotalTotal490 0 DepreciationNet carrying amountwritten backat end on of disposal year 490 490 Net Net carrying carrying amount amount at atend end of ofyear year equipmentPlantequipmentPlant and and improvementsimprovementsLeaseholdLeasehold4949 TotalTotal4949 Net carrying amount at end of year Plant and Leasehold49 Total49 equipmentPlantequipmentPlant$’000 and$’000 and improvementsimprovementsLeaseholdLeasehold$’000$’000 $’000Total$’000Total equipmentPlantPlant and and improvementsLeaseholdLeasehold TotalTotal At At1 July1 July 2009 2009 – fair– fair value value equipmentPlantequipment$’000 and$’000 improvementsimprovementsLeasehold$’000$’000 $’000Total$’000 equipmentPlantequipment$’000 and improvementsimprovementsLeasehold$’000 $’000Total AtGross AtGross1 July1 carrying July carr 2009 2009ying amount– fairamount– fair value value equipmentPlantPlant$’000 and324$’000 and324 improvementsLeaseholdLeasehold$’000443$’000443 $’000Total767$’000Total767 At 1 July 2009 – fair value equipmentPlant$’000 and$’000 improvementsLeasehold$’000$’000 $’000Total$’000 GrossAtAccumulated GrossAccumulatedAt1 July1 carr July carr 2009ying 2009ying depreciation amount –depreciation fairamount– fair value value equipmentequipment$’000(218)324(218)324 improvementsimprovements$’000(171)443(171)443 $’000(389)767(389)767 At Gross At1 July1 carr July 2009ying 2009 amount– fair– fair value value equipment$’000324 improvements$’000443 $’000767 AtAccumulatedGrossNet NetAccumulatedGross1 Carrying July Carryingcarr carr 2009ying ying Amountdepreciation amount –Amountdepreciation fairamount value $’000(218)106324$’000(218)106324 $’000(171)272443$’000(171)272443 $’000(389)378767$’000(389)378767 GrossAtAccumulated Gross1 July carr carr 2009yingying depreciation amount– fairamount value $’000(218)324324 $’000(171)443443 $’000(389)767767 AccumulatedAtGross Net AtNetAccumulated1 Carrying July1 Carryingcarr July 2009ying 2009 Amountdepreciation amount –Amountdepreciation fair– fair value value (218)324106(218)106 (171)443272(171)272 (389)767378(389)378 AtGrossAccumulatedNet Accumulated1 Carrying July carr 2009ying Amountdepreciation amount –depreciation fair value (218)324106(218) (171)443272(171) (389)767378(389) GrossAccumulated AtNet GrossAtNet30 Carrying 30 JuneCarryingcarr Junecarrying 2010 ying Amountdepreciation 2010 amountAmount –amount fair– fair value value (218)324106324106 (171)443272443272 (389)767378767378 GrossNetAccumulated Net Carrying Carryingcarrying Amountdepreciation amountAmount (218)324106106 (171)443272272 (389)767378378 AccumulatedNetAt Gross AccumulatedAtGross30 Carrying 30 Junecarrying Junecarrying 2010 Amountdepreciation 2010 amount depreciation –amount fair– fair value value (218)106171(218)171 (171)272(171)0 0 (389)378171(389)171 AccumulatedNetAt 30 Carrying June 2010 Amountdepreciation – fair value (218)106 (171)272 (389)378 NetGrossAtAccumulated NetGrossAccumulatedAt30 Carrying 30 JuneCarryingcarrying Junecarrying 2010 Amountdepreciation 2010 amount Amountdepreciation –amount fair– fair value value (92)106171(92)106171 2722720 0 (92)378171(92)378171 Net AtGross At30 Carrying 30 Junecarrying June 2010 Amount 2010 amount – fair– fair value value 106171 2720 378171 Gross AtAccumulatedNet NetAccumulatedGross30 Carrying JuneCarryingcarrying carrying 2010 Amountdepreciation amount Amountdepreciation –amount fair value (1719279(17192)79 ) 0 0 (1719279(17192)79 ) GrossAtAccumulated Gross30 Junecarrying carrying 2010 depreciation amount –amount fair value (17192171) 0 0 (17192171) AccumulatedAtGross Net AtNetAccumulated30 Carrying 30 JuneCarryingcarrying June 2010 Amountdepreciation 2010 amount Amountdepreciation – fair– fair value value (1719279(92)79 ) 0 0 (1719279(92)79 ) AtGrossAccumulatedNet Accumulated30 Carrying Junecarrying 2010 Amountdepreciation amount depreciation – fair value (1719279(92) ) 0 0 (1719279(92) ) GrossAccumulated NetGross Net Carrying Carryingcarrying carrying Amountdepreciation amountAmount amount (1719279171)79 0 0 (1719279171)2579 GrossNetAccumulated Net Carrying Carryingcarrying Amountdepreciation amountAmount (1719279)79 0 0 (1719279)79 AccumulatedNet Accumulated Carrying Amountdepreciation depreciation (9279(92) ) 0 0 (9279(92) ) AccumulatedNet Carrying Amountdepreciation (9279) 0 (9279) Net Net Carrying Carrying Amount Amount 7979 0 0 7979 Net Carrying Amount 79 0 79

FINANCIAL STATEMENTS FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE New South Wales Film and Television Office

Notes to the financial statements (continued)

ReconciliationReconciliation A reconciliationA reconciliation of ofthe the carrying carrying amount amount of ofplant plant and and equipment equipment at atthe the beginning beginning and and end end of ofthe the previous previous reporting reporting periodperiod is setis set out out below. below.

PlantPlant and and LeaseholdLeasehold TotalTotal equipmentequipment improvementsimprovements $’000$’000 $’000$’000 $’000$’000 YearYear ended ended 30 30 June June 2010 2010 NetNet carrying carrying amount amount at atstart start of ofyear year 106106 272272 378378 AdditionsAdditions 3131 0 0 3131 DisposalsDisposals (184)(184) (443)(443) (627)(627) DepreciationDepreciation expenses expenses (38)(38) (80)(80) (118)(118) DepreciationDepreciation written writte backn back on on disposal disposal 164164 251251 415415 NetNet carrying carrying amount amount at atend end of ofyear year 7979 0 0 7979

9. 9. Non-Current Non-Current Assets Assets – Intangible– Intangible

SoftwareSoftware TotalTotal $’000$’000 $’000$’000 At At1 July1 Ju ly2010 2010 – fair– fair value value GrossGross carrying carrying amount amount 0 0 0 0 AccumulatedAccumulated depreciation depreciation 0 0 0 0 NetNet Carrying Carrying Amount Amount 0 0 0 0

At At30 30 June June 2011 2011 – fair– fair value value GrossGross carrying carrying amount amount 3737 3737 AccumulatedAccumulated depreciation depreciation 0 0 0 0 NetNet Carrying Carrying Amount Amount 3737 3737

ReconciliationReconciliation A reconciliationA reconciliation of ofthe the carrying carrying amount amount of ofintangible intangible assets assets at atthe the beginning beginning and and end end of ofthe the current current reporting reporting period period is is setset out out below. below.

SoftwareSoftware TotalTotal $’000$’000 $’000$’000 YearYear ended ended 30 30 June June 2011 2011 NetNet carrying carrying amount amount at atstart start of ofyear year 0 0 0 0 AdditionsAdditions 3737 3737 DisposalsDisposals 0 0 0 0 AmortisationAmortisation expenses expenses 0 0 0 0 AmortisationAmortisation written written back back on on disposal disposal 0 0 0 0 NetNet carrying carrying amount amount at atend end of ofyear year 3737 3737

10.10. Restricted Restricted Assets Assets

CashCash at atbank bank includes includes $3,252,448 $3,252,448 (2010: (2010: $2,679,724). $2,679,724). This This amount amount represents represents the the available available cash cash component component of ofthe the ProductionProduction Loan Loan Fund, Fund, a revolvinga revolving fund fund of of$4 $4 million million used used to toassist assist film film production production by byway way of ofrepayable repayable advances advances securedsecured against against guaranteed guaranteed payments payments from from broadcasters, broadcasters, distributors distributors and and exhibitors. exhibitors. This This balance balance fluctuates fluctuates dependingdepending on on the the amount amount of ofloans loans outstanding outstanding at atany any one one time. time.

11.11. Current Current Liabilities Liabilities – Payables– Payables

201120201111 201020201010 $’000$’000 $’000$’000 PersonnelPersonnel services services payable payable 3232 3131 CreditorsCreditors 3,2843,284 2,2122,212 3,3163,316 2,2432,243

DetailsDetails regarding regarding credit credit risk, risk, liquidity liquidity risk risk and and market market risk, risk, including including a maturitya maturity analysis analysis of ofthe the above above payables payables are are discloseddisclosed in Notein Note 18. 18.

FINANCIALFINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW– NEW SOUTH SOUTH WALES WALES FINANCIAL FILM FILM AND AND TELEVISION TELEVISION STATEMENTS OFFICE OFFICE

12. FINANCIAL12. FINANCIAL Current Current STATEMENTSLiabilities STATEMENTSLiabilities – Provisions– Provisions – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE FINANCIAL12.FINANCIAL Current STATEMENTSLiabilities STATEMENTS – Provisions – NEW– NEW SOUTH SOUTH WALESNew WALES South FILM FILM ANDWales AND TELEVISION TELEVISIONFilm and OFFICETelevision OFFICE Office FINANCIAL12.FINANCIAL Current STATEMENTSLiabilities STATEMENTS – Provisions – NEW– NEW SOUTH SOUTH WALES WALES FILM FILM AND AND TELEVISION TELEVISION OFFICE OFFICE 12.FINANCIAL 12. Current Current STATEMENTSLiabilities Liabilities – Provisions– Provisions – NEW SOUTH WALES FILM AND TELEVISION OFFICE 12. Current Liabilities – Provisions 20201111 20201010 Personnel 12. 12.Personnel Current Current Services Services Liabilities Liabilities Provisions Provisions – Provisions– Provisions 2011 2010 NotesPersonnel to Servicesthe financial Provisions statements (continued) $’00020$’00011 $’00020$’00010 Personnel12. 12. Current Current Services Liabilities Liabilities Provisions – Provisions– Provisions $’00020201111 $’00020201010 EmployeePersonnelPersonnelEmployee benefitsServices benefitsServices and Provisions and Provisions related related on on-costs-costs $’0002011 $’0002010 PersonnelEmployee12.12. Current Current benefitsServices Liabilities Liabilities and Provisions related – Provisions– Provisions on-costs $’00020$’000201111 $’00020$’000201010 RecreationPersonnelEmployee12.Personnel12.Recreation Current Current benefitsLeaveServices ServicesLeave Liabilities Liabilities and Provisions Provisions related – Provisions– Provisions on -costs $’000181181 $’000187187 EmployeeRecreation 12.Employee Current benefitsLeave benefits Liabilities and and related –related Provisions on on-costs-costs $’00020181$’000201111 $’00020187$’000201010 LongRecreationEmployee Personnel PersonnelLong Service Service benefitsLeaveServices LeaveServices Leave and Provisions Provisions related on -costs 20181116 6 20187103 3 RecreationEmployeeLong PersonnelRecreationEmployee Service benefitsLeaveServices benefitsLeave and Provisions and related related on on-costs-costs $’00020181$’0002011181611 $’00020187$’0002010187310 PayrollLongRecreationPersonnelPersonnelPayroll Service tax tax LeaveServices LeaveServices Provisions Provisions $’0002011181201106 0 $’000201018720103 3 LongRecreationPayrollPersonnelEmployeeLongRecreationPersonnelEmployee Service taxService benefitsLeaveServices benefitsLeaveServices Leave and Provisions and Provisions related related on on-costs-costs $’00020181$’0001118160 6 $’00020187$’000101873 3 PayrollLongPersonnelEmployee Service tax benefitsServices Leave and Provisions related on-costs $’000187$’00018706 $’000193$’0001933 PayrollLong RecreationEmployeePayrollLongRecreationEmployee Service taxService tax benefitsLeave benefitsLeave Leave and and related related on on-costs-costs $’00018718118106 06 $’0001931871873 3 PayrollEmployeeRecreation Employee tax benefitsLeave benefits and and related related on-costs on-costs 1871810 1931873 PayrollRecreationLongEmployee PayrollRecreationLong Service taxService tax benefitsLeave Leave Leave and related on-costs 18118718106 06 1871931873 3 RecreationLong Recreation Service Leave Leave 1871811811876 1871931871933 LongPayrollRecreationAggregateLongPayrollAggregate Service taxService tax Leaveemployee Leaveemployee Leave benefits benefits and and related related on on-costs-costs 18118760 60 1871933 3 Long PayrollAggregateLong Service taxService employee Leave Leave benefits and related on-costs 18718760 6 1931933 3 PayrollLongProvisionsAggregate PayrollProvisions Service tax tax – employee current –Leave current benefits and related on-costs 18718706 0 1931933 3 Aggregate ProvisionsAggregate – employee current employee benefits benefits and and related related on on-costs-costs 187187 193193 PayrollProvisionsAggregateProvisionsPayroll tax tax – employee noncurrent – non-current-current benefits and related on-costs 1870 0 19330 03 AggregateProvisions Aggregate – employee noncurrent employee-current benefits benefits and and related related on on-costs-costs 1871870 1931930 ProvisionsPersonnel Personnel Provisions Services– noncurrentServices– current-current payable payable (Note (Note 11 1) 1) 18732187032 19331193031 ProvisionsPersonnelAggregate ProvisionsAggregate Services– employee currentnon– employee current-current payable benefits benefits (Note and and11 related) related on on-costs-costs 187321870 193311930 PersonnelProvisions Aggregate Provisions Services– employee non– non-current- currentpayable benefits (Note and 11 related) on-costs 219322190 0 224312240 0 Provisions AggregatePersonnelProvisionsAggregate Services– employee noncurrent– employee noncurrent-current- current payable benefits benefits (Note and and11 related) related on-costs on-costs 219187321870 0 224193311930 0 AggregateProvisionsPersonnelAggregatePersonnel Services– employee currentServices employee payable payablebenefits benefits (Note (Note and and11 related1) 1 related) on on-costs-costs 1873232 1933131 ProvisionsAggregate PersonnelProvisions Services– employee noncurrent– currentnon-current- current payable benefits (Note and 11 related) on-costs 219187321870 0 224193311930 0 Provisions PersonnelProvisions Personnel Services– currentnonServices– current-current payable payable (Note (Note 11 1) 1) 18721932187219032 19322431193224031 PersonnelProvisions13.PersonnelProvisions13. Current Current Services– currentnon-currentServices– non / Non-Current /- current payableNon-Current payable (Note (NoteLiabilities Liabilities 11 1) 1) - Other - Other 18721932032 0 19322431031 0 Provisions Personnel13.Provisions Current Services– non– non /- currentNon-Current- currentpayable (Note Liabilities 11) - Other 219322190 0 224312240 0 13.ProvisionsPersonnel Personnel Current Services– nonServices /- currentNon-Current payable payable (Note (NoteLiabilities 11) 1 1) - Other 21932219032 22431224031 Personnel13. Personnel13. Current CurrentServices Services / Non-Current / payableNon-Current payable (Note (NoteLiabilities Liabilities 11 1) 1) - Other - Other 2193232 2243131 Personnel13. Current Services / Non-Current payable (Note Liabilities 11) - Other 2021920113221911 2022420103122410 13. 13. Current Current / Non-Current / Non-Current Liabilities Liabilities - Other - Other 2021911219 2022410224 $’00020219$’00011 $’00020224$’00010 13. 13. Current Current / Non-Current / Non-Current Liabilities Liabilities - Other - Other $’00020201111 $’00020201010 Current Current $’0002011 $’0002010 Current13. 13. Current Current / Non-Current / Non-Current Liabilities Liabilities - Other - Other $’00020$’000201111 $’00020$’000201010 Current13.Other 13.Other Current Current / Non-Current / Non-Current Liabilities Liabilities - Other - Other $’0001616 $’0001616 Other Current13. Current / Non-Current Liabilities - Other $’0002011$’000201116 $’0002010$’000201016 OtherCurrent Current 20161116 20161016 Current OtherCurrent $’00020$’00020161111 $’00020$’00020161010 Other Other $’000202016111116 $’000202016101016 Current Current $’00020$’0001116 $’00020$’0001016 Current Other Other $’000$’0001616 $’000$’0001616 CurrentOtherNonCurrentOtherNon-current -current $’0001616 $’0001616 Current OtherNonCurrent -current 1616 1616 NonOtherCurrentFunds OtherFunds-current held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 16016 0 1371613716 OtherNon FundsOtherNon -current -heldcurrent on behalf of Investors in Motion Picture 16016 1371616 FundsOtherNon -current held on behalf of Investors in Motion Picture 16016 0 1371613716 FundsNon-current FundsNon -heldcurrent held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 16016 0 1371613716 NonFunds Non-current -heldcurrent on behalf of Investors in Motion Picture 160 13716 NonFunds Funds-current held held on on behalf behalf of ofInvestors Investors in Motionin Motion Picture Picture 0 0 137137 FundsNon14.FundsNon14. -current -heldcurrent Commitments held Commitments on on behalf behalf of for ofInvestors for Investorsexpenditure expenditure in Motionin Motion Picture Picture 0 0 137137 Non Funds14.Non -current -heldcurrent Commitments on behalf of for Investors expenditure in Motion Picture 0 0 137137 14.FundsNon Funds -current held Commitments held on on behalf behalf of for ofInvestors Investorsexpenditure in Motionin Motion Picture Picture 0 0 137137 Funds14. Funds14. held Commitments held Commitments on on behalf behalf of for ofInvestors for Investorsexpenditure expenditure in Motionin Motion Picture Picture 0 0 137137 Funds14. held Commitments on behalf of for Investors expenditure in Motion Picture 202011011 0 20137201013710 14. 14. Commitments Commitments for for expenditure expenditure 20110 0 2013710137 $’00020$’000110 $’00020137$’00010 14. 14. Commitments Commitments for for expenditure expenditure $’000201120201111 $’000201020201010 ( a) ( a)Capital Capital Commitments Commitments $’0002011 $’0002010 (14.a) 14. Capital Commitments Commitments Commitments for for expenditure expenditure $’00020$’000201111 $’00020$’000201010 As(14.a)14.As atCapital at30 Commitments30 June Commitments JuneCommitments 201 2011 the1 the forFTO for FTO expenditure hadexpenditure had no no capital capital commitments commitments (2010: (2010: Nil) Nil). . $’000 $’000 (a)As 14.(a)( a)atCapital 30Capital Commitments June Commitments Commitments2011 the forFTO expenditure had no capital commitments (2010: Nil). $’00020$’000201111 $’00020$’000201010 As(a) atCapital 30 June Commitments 2011 the FTO had no capital commitments (2010: Nil). 2011 2010 As( a)As( a)atCapital at30Capital 30 June JuneCommitments Commitments2011201 2011 the1 the FTO FTO had had no no capital capital commitments commitments (2010: (2010: Nil)Nil). Nil). . $’00020$’000201111 $’00020$’000201010 (b) As (b) atOther 30Other June Expenditure Expenditure 2011 the CommitmentsFTO Commitments had no capital commitments (2010: Nil). $’00020201111 $’00020201010 As(b)( a) As( a)atCapitalOther at30Capital 30 June Expenditure JuneCommitments Commitments201 2011 the1 the CommitmentsFTO FTO had had no no capital capital commitments commitments (2010: (2010: Nil) Nil). . $’00020$’00011 $’00020$’00010 As(b) (a)As atCapitalOther at30 30 June Expenditure JuneCommitments 2011, 2011, the the Commitments FTO FTO had had committed committed the the following following amounts amounts for for payment payment within within the the next next$’000 twelve$’000 twelve months: months: $’000 $’000 As((b)a)(b) As( a)atCapitalOther at30CapitalOther 30 June Expenditure JuneCommitments Expenditure Commitments2011,201 2011 the 1the the CommitmentsFTO FTO CommitmentsFTO had had had no committed no capital capital commitments the commitments following (2010:amounts (2010: Nil) Nil)for. .payment within the next$’000 twelve months: $’000 As(b)(a)( a)atCapitalOther 30Capital June Expenditure Commitments Commitments2011,2011 the the CommitmentsFTO FTO had had no committed capital commitments the following (2010:amounts Nil) for. payment within the next twelve months: (b)As (a)As(b) atCapitalOther at30Other 30 June Expenditure JuneCommitments Expenditure 2012011, 2011,2011 the 1the the the CommitmentsFTO FTO CommitmentsFTO FTO had had had had no committed no committedcapital capital commitments the commitments the following following (2010:amounts (2010:amounts Nil) Nil)for. for .payment payment within within the the next next twelve twelve months: months: AuroraAs AsAurora at at30 Script 30 June Script June Development 2011,201 Development 2011 the 1the the FTO FTO FTO Workshops had hadWorkshops had no committed no capital capital commitments the commitments following (2010:amounts (2010: Nil) Nil)for. .payment within the next twelve7676 months: 102102 AsAurora (b)As (b) atOther at30Other Script 30 June Expenditure June Expenditure Development 2011,201 2011,1 the the the CommitmentsFTO FTO Commitments FTO Workshops had had had no committed committedcapital commitments the the following following (2010:amounts amounts Nil) for. for payment payment within within the the next next twelve 76twelve months: months: 102 VFXAurora (b) VFX Other scheme Scriptscheme Expenditure Development Commitments Workshops 763 3 1029 9 VFXAs(b) AuroraAuroraAs(b) atOther scheme at30Other Script 30 June ScriptExpenditure June Expenditure Development 2011, Development 2011, the the Commitments FTO Commitments FTO Workshops hadWorkshops had committed committed the the following following amounts amounts for for payment payment within within the the next next twelve 76twelve376 months: months: 1021029 ProductionVFXAurora(b)As(b)Production atOther scheme 30Other Script June Expenditure Investment Expenditure Development Investment2011, the Fund Commitments FTO Fund Commitments Workshops had committed the following amounts for payment within the next twelve438764383 months: 10290990 AuroraProductionAs(b)VFXVFXAuroraAs atOther schemeat30 Scriptscheme 30 June ScriptExpenditure JuneInvestment Development 2011, Development 2011, the Fundthe Commitments FTO FTO Workshops hadWorkshops had committed committed the the following following amounts amounts for for payment payment within within the the next next twelve438 76twelve376 3 months: months: 102901029 9 ProjectProductionVFXAsAsProject at scheme at30 /30 ScriptJune / ScriptJuneInvestment 2011, Development 2011, Development the Fundthe FTO FTO had had committed committed the the following following amounts amounts for for payment payment within within the the next next twelve112438 twelve1123 months: months: 105901059 VFXProjectAuroraAsProductionProductionVFXAurora at scheme30 Scriptscheme/ ScriptJune Script Investment Development Investment2011, Development Development the Fund FTO Fund Workshops hadWorkshops committed the following amounts for payment within the next twelve11243876438376 3 months: 10510290102990 9 RegionalProjectProductionAuroraRegional Script/ ScriptFilming InvestmentFilming Development Development Fund Fund Fund Workshops 41611243876416 12510510290125 ProductionRegionalVFXAuroraProjectProjectProductionVFXAurora scheme Scriptscheme/ Script FilmingScript/ ScriptInvestment DevelopmentInvestment Development Development FundDevelopment Fund Fund Workshops Workshops 43841611276112438376 3 12510210590105102990 9 EmergingRegionalProjectAuroraVFXAuroraEmerging scheme Script/ Script Filming ScriptFilmmakers Filmmakers Development Development Development Fund Fund Fund Workshops Workshops 416112307637630 12510510212102912 ProjectEmergingVFXProductionAuroraRegionalRegionalProjectVFXProduction scheme Scriptscheme/ Script Filming/Filmmakers ScriptInvestmentFilming DevelopmentInvestment Development FundDevelopment Fund FundFund Fund Workshops 11243841630764161124383 3 1051021251290125105990 9 OtherEmergingRegionalVFXProductionVFXOther scheme Industry scheme Industry Filming Filmmakers Investment Promotion PromotionFund FundFund 4164383013 31 125129009 90 RegionalOtherProductionProjectVFXEmergingEmergingRegionalProductionProject scheme Industry / Script Filming/Filmmakers ScriptInvestmentFilming Filmmakers Investment PromotionDevelopment FundDevelopment Fund FundFund Fund Fund 416438112304164381121330 1251059012125105091290 OtherEmergingProductionProjectProduction Industry / Script Filmmakers Investment Investment PromotionDevelopment FundFund Fund 1,0764381121,076304381 4431051290443090 EmergingRegionalProjectProductionOtherOtherEmergingRegionalProject Industry / Industry Script Filming/Filmmakers ScriptInvestmentFilming Filmmakers PromotionDevelopment PromotionFundDevelopment Fund FundFund Fund 1,07641611243830416112130 1 4431251051290125105012 0 TheOtherProjectRegionalTheProject total Industry total / Scriptexpenditure Filming/ Scriptexpenditure PromotionDevelopment FundDevelopment commitments commitments include include GST GST of of$107,600 $107,600 (2010: (2010: $44,300). $44,300). 1,0761124161121 4431051251050 OtherRegionalEmergingProjectTheOtherRegionalEmerging total Industry / Industry ScriptexpenditureFilming Filmmakers Filming Filmmakers PromotionDevelopment PromotionFund Fund commitments Fund Fund include GST of $107,600 (2010: $44,300). 1,07641611230416130 1 12510544312125012 0 RegionalEmergingTheRegional total expenditureFilming Filmmakers Filming Fund Fund commitments Fund include GST of $107,600 (2010: $44,300). 1,0764161,07630416 12544312125443 TheEmergingOtherRegional EmergingOther total Industry Industry expenditureFilming Filmmakers Filmmakers Promotion PromotionFund commitments Fund Fund include GST of $107,600 (2010: $44,300). 1,07641630130 1 12544312012 0 EmergingTheOther EmergingThe total Industry total expenditure Filmmakers expenditure Filmmakers Promotion commitments Fund commitments Fund include include GST GST of of$107,600 $107,600 (2010: (2010: $44,300). $44,300). 1,0761,07630130 44312443012 OtherEmerging( Thec)Other( cOperating )total OperatingIndustry Industry expenditure Filmmakers LeasePromotion LeasePromotion Commitmentscommitments Fund Commitments include GST of $107,600 (2010: $44,300). 301 1 120 0 The(c) The Operating total total expenditure expenditure Lease Commitmentscommitments commitments include include GST GST of of$107,600 $107,600 (2010: (2010: $44,300). $44,300). 1,0761,076 443443 OtherAs( c)AsOther atOperating at30Industry 30IndustryJune June 201LeasePromotion 201Promotion1 the1 Commitments the FTO FTO had had no no operating operating lease lease commitments commitments (2010: (2010: Nil) Nil). . 1 1 0 0 ( AsThe(c)c)( The catOperating )total 30Operating total Juneexpenditure expenditure 201Lease Lease1 the Commitmentscommitments FTOCommitmentscommitments had no includeoperating include GST GSTlease of of$ commitments107,600 $107,600 (2010: (2010: (2010: $44,300). $44,300). Nil). 1,0761,076 443443 As(Thec) atOperating total 30 Juneexpenditure 201Lease1 the Commitmentscommitments FTO had no includeoperating GST lease of $ commitments107,600 (2010: (2010: $44,300). Nil). 1,0761,076 443443 As( Thec)As( The catOperating )total at30Operating total 30 Juneexpenditure Juneexpenditure 2012011Lease 201Lease1 the1 Commitmentscommitments the FTOCommitmentscommitments FTO had had no no includeoperating includeoperating GST GSTlease oflease of$ commitments107,600 $ commitments107,600 (2010: (2010: (2010: $44,300).(2010: $44,300). Nil)Nil). Nil). . 1,076 443 15. AsTheThe15. at total 30 total Contingent Juneexpenditure Contingent expenditure 2011 theLiabilities commitments Liabilities FTOcommitments had and noand Contingent includeoperating Contingentinclude GST GSTlease Assetsof Assetsof$ commitments107,600 $107,600 (2010: (2010: (2010: $44,300). $44,300). Nil). As15.(Thec) As( catOperating )total at30Operating Contingent30 Juneexpenditure June 201Lease 201Lease1 theLiabilities1 Commitmentscommitments the FTOCommitments FTO had andhad no Contingentno includeoperating operating GST lease Assetsoflease $ commitments107,600 commitments (2010: (2010: $44,300).(2010: Nil) Nil). . 15.(c) Operating Contingent Lease Liabilities Commitments and Contingent Assets 15. (Asc)15. (As catOperating ) at30Operating Contingent30 June Contingent June 201Lease 201Lease1 theLiabilities1 Commitments theLiabilities FTOCommitments FTO had andhad noand Contingentno operating Contingent operating lease Assets lease Assets commitments commitments (2010: (2010: Nil) Nil). . The 15.(Asc)(The catOperating )Board 30Operating Board Contingent June is unaware is201Lease unaware Lease1 theLiabilities Commitments of FTOCommitments ofthe the had existence and existence no Contingent operating of ofany any leaseContingent Assets Contingent commitments Liabilities Liabilities (2010: or orContingent Nil)Contingent. Assets Assets as asat atbalance balance date date (2010, (2010, 15.TheAs(c) 15.As atOperating Board at30 Contingent30 June Contingent Juneis unaware 201Lease 2011 theLiabilities1 Commitments theLiabilitiesof FTO theFTO had existence andhad noand Contingentno operating Contingent operating of any leaseContingent Assets lease Assets commitments commitments Liabilities (2010: or(2010: Contingent Nil) Nil). . Assets as at balance date (2010, Nil).The AsAsNil). at Board at30 30 June Juneis unaware 201 2011 the1 theof FTO theFTO had existence had no no operating operating of any leaseContingent lease commitments commitments Liabilities (2010: or(2010: Contingent Nil) Nil). . Assets as at balance date (2010, The Nil).15.AsThe 15. at Board 30 Board Contingent June Contingent is unaware is201 unaware1 theLiabilities Liabilitiesof FTO ofthe the had existence and existence noand Contingent operating Contingent of ofany any leaseContingent Assets Contingent Assets commitments Liabilities Liabilities (2010: or orContingent Nil)Contingent. Assets Assets as asat atbalance balance date date (2010, (2010, Nil).The15. Board Contingent is unaware Liabilities of the existence and Contingent of any Contingent Assets Liabilities or Contingent Assets as at balance date (2010, Nil).The 15.Nil).The15. Board Board Contingent Contingent is unawareis unaware Liabilities Liabilitiesof ofthe the existence and existence and Contingent Contingent of ofany any Contingent Assets Contingent Assets Liabilities Liabilities or orContingent Contingent Assets Assets as asat atbalance balance date date (2010, (2010, 16. Nil).15.15.16. ContingentReconciliation ContingentReconciliation Liabilities Liabilities of ofsurplus surplus and and /Contingent (deficit) /Contingent (deficit) for for Assetsthe Assetsthe year year to tocash cash flows flows from from operating operating activities activities Nil).16.The15. Nil).The Board Board ContingentReconciliation is unawareis unaware Liabilities ofof of thesurplus the existence and existence /Contingent (deficit) of ofany anyfor Contingent Assets theContingent year toLiabilities cashLiabilities flows or orContingent from Contingent operating Assets Assets activities as asat atbalance balance date date (2010, (2010, 16. The Board Reconciliation is unaware ofof thesurplus existence / (deficit) of any for Contingent the year toLiabilities cash flows or Contingent from operating Assets activities as at balance date (2010, 16. TheNil).16. TheNil). Board Board Reconciliation Reconciliation is unawareis unaware ofof of theofsurplus thesurplus existence existence / (deficit) / (deficit) of ofany anyfor Contingent for theContingent the year year toLiabilities tocashLiabilities cash flows orflows orContingent from Contingent from operating operating Assets Assets activities as activities asat atbalance balance date date (2010, (2010, 16.TheNil).The Board Board Reconciliation is unawareis unaware ofof of thesurplus the existence existence / (deficit) of ofany anyfor Contingent theContingent year toLiabilities cashLiabilities flows or orContingent from Contingent operating Assets Assets activities as asat202011 atbalance201111 balance date date (2010, (2010,202010201010 16. Nil).The16.Nil). Board Reconciliation Reconciliation is unaware ofof theofsurplus surplus existence / (deficit) / (deficit) of any for Contingent for the the year year toLiabilities tocash cash flows orflows Contingent from from operating operating Assets activities as activities at20 balance11 date (2010,2010 Nil).Nil). $’00020$’00011 $’00020$’00010 16.Nil). 16. Reconciliation Reconciliation of ofsurplus surplus / (deficit) / (deficit) for for the the year year to tocash cash flows flows from from operating operating activities activities$’000202011 11 $’00020201010 Surplus 16. Surplus Reconciliation / (deficit) / (deficit) for for the of the surplusyear year / (deficit) for the year to cash flows from operating activities$’0002066811668 2,360$’000202,36010 Surplus16. 16. Reconciliation / Reconciliation(deficit) for the of ofsurplusyear surplus / (deficit) / (deficit) for for the the year year to tocash cash flows flows from from operating operating activities activities$’00020668$’0002011 11 $’0002,36020$’000201010 DepreciationSurplus16. 16.Depreciation Reconciliation / Reconciliation(deficit) and and amortisation for amortisation the of ofsurplusyear surplus / (deficit) / (deficit) for for the the year year to tocash cash flows flows from from operating operating activities activities$’0006682727 27 2,360$’000118118 SurplusDepreciation 16.Surplus Reconciliation / (deficit) / (deficit)and amortisation for for the of the surplusyear year / (deficit) for the year to cash flows from operating activities$’00020668$’000202116687 11 2,360$’000201182,360$’000201010 AllowanceDepreciationSurplus Allowance / (deficit)for andfor impaiimpairment impai amortisation forrmentrment the year 2066891211791 2,3602015011810150 DepreciationSurplusAllowance DepreciationSurplus / (deficit) for/ (deficit)and impai and amortisation for rmentamortisation for the the year year $’00020668$’00020291116687211 7 2,360$’000201181502,360$’000201011810 AdjustmentAllowanceDepreciation Adjustment for for and impaifor GST GSTamortisationrment receivable receivable impairment impairment $’00020(10)2091211(10)711 $’000201501182010010 0 AllowanceDepreciationAdjustmentSurplus AllowanceDepreciationSurplus / (deficit) for /for (deficit)andfor impai GSTand impai amortisation for rment amortisationreceivable forrment the the year year impairment $’00020(10)668$’000912116687912 7 2,360$’000201501182,360$’000101501180 IncreaseAdjustmentAllowanceSurplusIncrease / (deficit)(decrease)for /for (decrease) impai GST forrment receivable in the Payablesin yearPayables impairment 1,0731,$’000(10)073668$’0001,07391 $’0002,360(80)150$’000(80)0 AdjustmentAllowanceIncreaseSurplusDepreciationAdjustmentAllowanceSurplusDepreciation / (deficit)(decrease) for /for (deficit)andfor impaifor GSTand impai GSTamortisation for rment amortisationreceivable forinrment thereceivable Payables the year year impairment impairment 1,$’000(10)073668912(10)6687912 7 2,360$’000(80)1501182,3601501180 0 IncreaseAdjustmentSurplusDepreciationSurplusIncrease / (deficit)(decrease) /for (deficit)(decrease)and GST amortisation for receivable forin the ProvisionsPayablesin the yearProvisions year impairment 1,(10)073668(6)26687(6) 2,360(80)1182,36036036 IncreaseAdjustmentAllowanceDepreciationSurplusIncreaseAdjustmentAllowanceDepreciation / (deficit)(decrease)for /for (decrease)andfor impaifor GSTand impai GSTamortisation for rment amortisationreceivable inrment thereceivable PayablesProvisionsin yearPayables impairment impairment 1,(10)0736681,(6)912(10)0737912 7 2,360(80)15011836(80)1501180 0 IncreaseDepreciationAllowanceDepreciationIncrease / (decrease)for / (decrease)and impai and amortisation rmentamortisation in OtherProvisionsPayablesin Other Liabilities Liabilities 1,(137)073(137)(6)29172 7 (323)(80)118150(323)36118 IncreaseAllowanceAdjustmentDepreciationIncreaseAllowanceAdjustment / (decrease)for /for (decrease)andfor impaifor GST impai GSTamortisationrment receivable inrment receivable ProvisionsPayablesOtherin ProvisionsPayables Liabilities impairment impairment 1,(137)(10)0731,(6)912(10)0737(6)91 (323)(80)15011836(80)150036 0 (Increase)IncreaseAllowanceAdjustmentAllowance(Increase) / (decrease)/for fordecrease /for impaidecrease GST impairment receivable inrment ReceivablesOtherProvisionsin Receivables Liabilities impairment (137)(63)((10)63(6)91(63))91 (172)(172(323)150(172)361500) Increase(Increase)AdjustmentAllowanceIncreaseAdjustment / (decrease)/for /fordecrease (decrease) impaifor GST GSTrment receivable in receivable OtherProvisionsReceivablesPayablesin OtherProvisionsPayables Liabilities impairment Liabilities impairment 1,(137)((10)073631,(137)(6)91(10)073)(6) (323)(172(80)150(323)36(80)0)36 0 Net(Increase)IncreaseAdjustmentAdjustmentNet (gain) (gain) / (decrease)/ lossfordecrease / lossfor GST on GST on sale receivable insale receivable ofReceivablesOtherPayables ofplant plant Liabilities impairmentand impairmentand equipment equipment 1,(137)((10)07363(10)3) 3 (172(323)(80)2102100) 0 (Increase)IncreaseNetAdjustment(Increase)Increase (gain) / (decrease)/ /lossfordecrease (decrease)/ decrease GST on sale receivable in ReceivablesOtherofProvisionsPayablesin ReceivablesOtherProvisionsPayablesplant Liabilities impairmentand Liabilities equipment 1,(137)((10)073631,(137)(6)(073363)(6) ) (172(323)(80)210(172(323)36(80)0)36 ) Net(Increase)IncreaseIncreaseNet (gain)cash cash / flows (decrease)/ /loss decrease flows(decrease) fromon from sale inoperating ofReceivablesPayablesProvisionsinoperating Payablesplant andactivities activities equipment 1,6461,(073631,1,646(6)0733) 2,299(172(80)2102,29936(80)) Net(Increase)IncreaseNet(Increase)Increase (gain)cash (gain) / flows (decrease)/ /lossdecrease (decrease)/ lossdecrease onfrom on sale insaleoperating ofReceivablesProvisionsOtherPayablesin ofReceivablesProvisionsOtherplant plant Liabilities andactivitiesLiabilities and equipment equipment 1,6461,(137)(07363(137)(6)(363)(6) 3) 2,299(172(323)(80)210(172(323)36210)36 ) NetIncreaseIncrease (gain)cash / flows/(decrease) /loss (decrease) fromon sale inoperating ofProvisionsOtherin Provisionsplant Liabilities andactivities equipment 1,646(137)(6)3(6) 2,299(323)2103636 Net Increase(Increase)NetIncrease(Increase) (gain)cash (gain) / flows (decrease)/ /lossdecrease (decrease)/ lossdecrease onfrom on sale insaleoperating ofOtherReceivablesProvisionsin ofOtherReceivablesplant plant Liabilities andactivitiesLiabilities and equipment equipment 1,646(137)(63(137)(6)(363) 3) 2,299(323)(172210(323)(17236210) ) NetIncrease(Increase)IncreaseNet cash cash / flows (decrease)/ / decrease flows(decrease) from from inoperating OtherReceivablesinoperating Other Liabilities activitiesLiabilities activities 1,646(137)(631,646(137)) 2,299(323)(1722,299(323)) Net(Increase)Increase Net(Increase) (gain)cash (gain)cash / flows (decrease)/ loss decreaseflows / lossdecrease fromon fromon sale insaleoperating ofReceivablesOtherinoperating ofReceivablesplant plant Liabilities andactivities andactivities equipment equipment 1,646(137)(631,646(363) 3) 2,299(172(323)2102,299(172210)27 ) (Increase)Net(Increase) (gain) / lossdecrease / decrease on sale in Receivablesofin Receivablesplant and equipment (63(363) ) (172210(172) ) Net(Increase) Net (gain)cash (gain)cash flows / loss decrease flows/ loss onfrom onfrom sale insaleoperating ofReceivablesoperating ofplant plant andactivities andactivities equipment equipment 1,646(631,6463) 3 2,299(1722102,299210) NetNet (gain)cash (gain) flows/ loss / loss onfrom on sale saleoperating of ofplant plant andactivities and equipment equipment 1,6463 3 2,299210210 Net Net (gain)cash cash flows/ loss flows fromon from sale operating ofoperating plant andactivities activities equipment 1,6461,6463 2,2992102,299 Net Net cash cash flows flows from from operating operating activities activities 1,6461,646 2,2992,299 Net cash flows from operating activities 1,646 2,299

FINANCIAL STATEMENTS New South Wales Film and Television Office FINANCIALFINANCIALFINANCIAL STATEMENTS STATEMENTS STATEMENTS – NEW– NEW– NEW SOUTH SOUTH SOUTH WALES WALES WALES FILM FILM FILM AND AND AND TELEVISION TELEVISION TELEVISION OFFICE OFFICE OFFICE

Notes to the financial statements (continued)

17.17. 17. Project Project Project / Script / Script / Script Development Development Development and and Projectand Project Project Investment Investment Investment Fund Fund Fund

TheThe followingThe following following table table tableprovides provides provides details details details of offunding offunding funding activities activities activities for for Project for Project Project / Script / Script / Script Development Development Development and and theand the Production the Production Production InvestmentInvestmentInvestment Fund. Fund. Fund.

AccountingAccountingAccounting policies policies policies are are detailed are detailed detailed at atNotes atNotes Notes 1(f) 1(f) and 1(f) and 1(g).and 1(g). 1(g).

GrantsGrantsGrants ReturnsReturnsReturns ProvidedProvidedProvided ReceivedReceivedReceived $’000$’000$’000 $’000$’000$’000 ProjectProjectProject / Script / Script / Script Development Development Development PeriodPeriodPeriod ending ending ending 30 30 June 30 June June2010 2010 2010 1,0281,0281,028 3737 37 PeriodPeriodPeriod ending ending ending 30 30 June 30 June June2011 2011 2011 1,231,23881,238 4747 47

ProductionProductionProduction Investment Investment Investment PeriodPeriodPeriod ending ending ending 30 30 June 30 June June2010 2010 2010 6,2096,2096,209 554554 554 PeriodPeriodPeriod ending ending ending 30 30 June 30 June June2011 2011 2011 7,5577,5577,557 358358 358

In Inany Inany given any given given year year yearthere there there is nois no iscorrelation no correlation correlation between between between Grants Grants Grants Provided Provided Provided and and Returnsand Returns Returns Received. Received. Received. Returns Returns Returns are are dependent are dependent dependent uponuponupon the the prevailing the prevailing prevailing terms terms terms of oftrade oftrade trade and and theand the profitability the profitability profitability of ofa project,ofa project,a project, and and asand assuch, assuch, such, the the likelihood the likelihood likelihood and and timingand timing timing of ofreturns ofreturns returns cannotcannotcannot be be quantified be quantified quantified accurately. accurately. accurately.

18.18. 18. Financial Financial Financial instruments instruments instruments

TheThe FTO’sThe FTO’s FTO’s principal principal principal financial financial financial instruments instruments instruments are are outlined are outlined outlined below. below. below. These These These financial financial financial instruments instruments instruments arise arise arisedirectly directly directly from from fromthe the the FTO’sFTO’sFTO’s operations operations operations or orare orare required are required required to tofinance tofinance finance the the FTO’s the FTO’s FTO’s operations. operations. operations. The The FTOThe FTO FTOdoes does doesnot not enter not enter enter into into or into ortrade ortrade trade financial financial financial instruments,instruments,instruments, including including including derivative derivative derivative financial financial financial instruments, instruments, instruments, for for speculative for speculative speculative purposes. purposes. purposes.

(a)(a) (a) Financial Financial Financial instrument instrument instrument categories categories categories

FinancialFinancialFinancial Assets Assets Assets NoteNoteNote CategoryCategoryCategory CarryingCarryingCarrying Carrying CarryingCarrying AmountAmountAmount Amount AmountAmount 2011201120 11 2010201020 10 Class:Class:Class: $’000$’000$’000 $’000$’000$’000 CashCashCash and and cashand cash cashequivalents equivalents equivalents 6 6 6 N/A N/A N/A 10,44710,44710,447 8,265 8,2658,265

ProductionProductionProduction Loan Loan Loan Fund Fund Fund (Revolve (Revolve (Revolve Fund) Fund) Fund) 7 7 7 Loans LoansLoans and and receivablesand receivables receivables (at (at amortised (at amortised amortised cost) cost) cost) 6565 65 719 719 719

TradeTradeTrade and and otherand other other receivables receivables receivables (1) (1) (1) 7 7 7 Loans LoansLoans and and receivablesand receivables receivables (at (at amortised (at amortised amortised cost) cost) cost) 388388 388 401 401 401

FinancialFinancialFinancial Liabilities Liabilities Liabilities NoteNoteNote CategoryCategoryCategory CarryingCarryingCarrying Carrying CarryingCarrying AmountAmountAmount Amount AmountAmount l 2011l 2011l 20 11 2010201020 10 Class:Class:Class: $’000$’000$’000 $’000$’000$’000 TradeTradeTrade and and otherand other other payables payables payables (2) (2) (2) FinancialFinancialFinancial liabilities liabilities liabilities measured measured measured at atamortised atamortised amortised 1111 1 1 3,3163,3163,316 2,243 2,2432,243 costcost cost

FundFundFund held held onheld on behalf on behalf behalf of ofinvestors ofinvestors investors in in in FinancialFinancialFinancial liabilities liabilities liabilities measured measured measured at atamortised atamortised amortised 1313 1 3 0 0 0 137 137 137 MotionMotionMotion Pictures Pictures Pictures costcost cost NotesNotesNotes 1. 1.Excludes 1.Excludes Excludes statutory statutory statutory receivables receivables receivables and and prepaymentsand prepayments prepayments (i.e. (i.e. not(i.e. not within not within within scope scope scope of ofAASB ofAASB AASB 7). 7). 7). 2. 2.Excludes 2.Excludes Excludes statutory statutory statutory payables payables payables and and unearnedand unearned unearned revenue revenue revenue (i.e. (i.e. not(i.e. not within not within within scope scope scope of ofAASB ofAASB AASB 7). 7). 7).

(b)(b) (b) Credit Credit Credit Risk Risk Risk

CreditCreditCredit risk risk arises risk arises arises when when when there there there is theis theis possibility the possibility possibility of ofthe ofthe FTO’s the FTO’s FTO’s debtors debtors debtors defaulting defaulting defaulting on on their on their theircontractual contractual contractual obligations, obligations, obligations, resultingresultingresulting in ain financialain financiala financial loss loss toloss tothe tothe FTO. the FTO. FTO. The The maximumThe maximum maximum exposure exposure exposure to tocredit tocredit credit risk risk is risk generallyis generallyis generally represented represented represented by bythe bythe carrying the carrying carrying amountamountamount of ofthe ofthe financial the financial financial assets assets assets (net (net of(net ofany ofany allowance any allowance allowance for for impairment). for impairment). impairment).

CreditCreditCredit risk risk arises risk arises arises from from fromthe the financial the financial financial assets assets assets of ofthe ofthe FTO, the FTO, FTO, including including including cash, cash, cash, receivables receivables receivables and and authorityand authority authority deposits. deposits. deposits. No No No collateralcollateralcollateral is heldis heldis byheld bythe bythe FTO. the FTO. FTO. The The FTOThe FTO FTOhas has not has not granted not granted granted any any financial any financial financial guarantees. guarantees. guarantees.

CreditCreditCredit risk risk associated risk associated associated with with FTO’swith FTO’s FTO’s financial financial financial assets assets assets other other other than than thanreceivables receivables receivables is managedis managedis managed through through through the the selection the selection selection of of of counterpartiescounterpartiescounterparties and and establishmentand establishment establishment of ofminimum ofminimum minimum credit credit credit rating rating rating standards. standards. standards.

CashCashCash

Cash28CashCash comprises comprises comprises cash cash cashon on hand on hand hand and and bankand bank bankbalances balances balances within within within the the NSW the NSW NSW Treasury Treasury Treasury Banking Banking Banking System. System. System. Interest Interest Interest is earnedis earnedis earned on on on dailydaily dailybank bank bankbalances balances balances at atthe atthe monthly the monthly monthly average average average NSW NSW NSW Treasury Treasury Treasury Corporation Corporation Corporation (TCorp) (TCorp) (TCorp) 11am 11am 11am unofficial unofficial unofficial cash cash cashrate, rate, rate,adjusted adjusted adjusted forfor a for managementa managementa management fee fee to fee toNSW toNSW NSW Treasury. Treasury. Treasury. The The TCorpThe TCorp TCorp Hour Hour HourGlass Glass Glass cash cash cashfacility facility facility is discussedis discussedis discussed in parain parain para(d) (d) below. (d) below. below.

ProductionProductionProduction Loan Loan Loan Fund Fund Fund

AllAll amountsAll amounts amounts outstanding outstanding outstanding in relationin relationin relation to toProduction toProduction Production Loans Loans Loans are are recognised are recognised recognised as asamounts asamounts amounts receivable receivable receivable at atbalance atbalance balance date. date. date. CollectabilityCollectabilityCollectability of ofProduction ofProduction Production Loans Loans Loans is reviewedis reviewedis reviewed on on an on an ongoing an ongoing ongoing basis. basis. basis. Procedures Procedures Procedures as asestablished asestablished established in thein thein Treasurers the Treasurers Treasurers

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

17. Project / Script Development and Project Investment Fund

The following table provides details of funding activities for Project / Script Development and the Production Investment Fund.

Accounting policies are detailed at Notes 1(f) and 1(g).

Grants Returns Provided Received $’000 $’000 Project / Script Development Period ending 30 June 2010 1,028 37 Period ending 30 June 2011 1,238 47

Production Investment Period ending 30 June 2010 6,209 554 Period ending 30 June 2011 7,557 358

In any given year there is no correlation between Grants Provided and Returns Received. Returns are dependent upon the prevailing terms of trade and the profitability of a project, and as such, the likelihood and timing of returns cannot be quantified accurately.

18. Financial instruments

The FTO’s principal financial instruments are outlined below. These financial instruments arise directly from the FTO’s operations or are required to finance the FTO’s operations. The FTO does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes.

(a) Financial instrument categories

Financial Assets Note Category Carrying Carrying Amount Amount 2011 2010 Class: $’000 $’000 Cash and cash equivalents 6 N/A 10,447 8,265

Production Loan Fund (Revolve Fund) 7 Loans and receivables (at amortised cost) 65 719

Trade and other receivables (1) 7 Loans and receivables (at amortised cost) 388 401

Financial Liabilities Note Category Carrying Carrying Amount Amount l 2011 2010 Class: $’000 $’000 Trade and other payables (2) Financial liabilities measured at amortised 11 3,316 2,243 cost

Fund held on behalf of investors in Financial liabilities measured at amortised 13 0 137 Motion Pictures cost Notes 1. Excludes statutory receivables and prepayments (i.e. not within scope of AASB 7). 2. Excludes statutory payables and unearned revenue (i.e. not within scope of AASB 7).

(b) Credit Risk

Credit risk arises when there is the possibility of the FTO’s debtors defaulting on their contractual obligations, resulting in a financial loss to the FTO. The maximum exposure to credit risk is generally represented by the carrying amount of the financial assets (net of any allowance for impairment). FINANCIAL STATEMENTS Credit risk arises from the financial assets of the FTO, including cash, receivables and authority deposits. No collateral is held by the FTO. The FTO has not grantedNew any financial South guarantees. Wales Film and Television Office

Credit risk associated with FTO’s financial assets other than receivables is managed through the selection of Notescounterparties to the and financial establishment statementsof minimum credit (continued) rating standards.

Cash

Cash comprises cash on hand and bank balances within the NSW Treasury Banking System. Interest is earned on daily bank balances at the monthly average NSW Treasury Corporation (TCorp) 11am unofficial cash rate, adjusted for a management fee to NSW Treasury. The TCorp Hour Glass cash facility is discussed in para (d) below.

Production Loan Fund FINANCIAL FINANCIAL STATEMENTS STATEMENTS – NEW – SOUTHNEW SOUTH WALES WALES FILM ANDFILM TELEVISION AND TELEVISION OFFICE OFFICE All amounts outstanding in relation to Production Loans are recognised as amounts receivable at balance date. Collectability of Production Loans is reviewed on an ongoing basis. Procedures as established in the Treasurers

DirectionsDirections are followed are followed to recover to recoveroutstanding outstanding amounts amounts including including letters of letters demand. of demand. Debts which Debts are which known are toknown be to be uncollectableuncollectable are written are off.written An allowanceoff. An allowance for impairment for impairment is raised is when raised there when is thereevidence is evidence that the thatamount the amountcannot becannot be collected.collected.

ProductionProduction Loans are Loans secured are secured by: by:

• Loan• Agreement Loan Agreement with applicant; with applicant; and and

• Deed• of Deed Direction of Direction with applicant with applicant directing directing the distributor the distributor to make to payment make payment of the distribution of the distribution guarantee guarantee to the to the FTO in repaymentFTO in repayment of the loan; of the and loan; and

• First Ranking• First Ranking Charge Chargefrom the from distributor the distributor over the over distributor’s the distributor’s assets /assets Letter /of Letter Credit of / CreditBank Guarantee/ Bank Guarantee / / CorporateCorporate Guarantee Guarantee from an from approved an approved parent orparent related or companyrelated company of the distributor of the distributor or other or such other security such security as as determineddetermined by the FTO. by the FTO.

Interest Interestrates of ratesbetween of between 2% and 2% 4% and are 4%payable are payable on the basis on the that basis the thatloans the will loans be paid will beon paidtime. on A time.penalty A penaltyinterest interest rate of 10%rate ofis charged10% is charged on amounts on amounts not paid not on paidthe due on thedate. due date.

ReceivablesReceivables – trade –debtors trade debtors

All tradeAll debtors trade debtorsare recognised are recognised as amounts as amounts at balance at balance date. Collectability date. Collectability of trade of debtors trade debtorsis reviewed is reviewed on an on an ongoingongoing basis. Procedures basis. Procedures as established as established in the Treasurer’s in the Treasurer’s Directions Directions are followed are followed to recover to recoveroutstanding outstanding amounts, amounts, includingincluding letters of letters demand. of demand. Debts which Debts are which known are toknown be uncollectible to be uncollectible are written are off.written An allowanceoff. An allowance for impairment for impairment is is raised whenraised there when is thereobjective is objective evidence evidence that the thatentity the will entity not bewill able not beto collectable to allcollect amounts all amounts due. This due. evidence This evidence includesincludes past experience, past experience, and current and currentand expected and expected changes changes in economic in economic conditions conditions and debtor and creditdebtor ratings. credit ratings.No No interest interestis earned is earnedon trade on debtors. trade debtors. Sales are Sales made are on made 30 day on terms.30 day terms.

The FTOThe is notFTO materially is not materially exposed exposed to concentrations to concentrations of credit of risk credit to a risk single to a trade single debtor trade ordebtor group or of group debtors. of debtors. Based Based on past onexperience, past experience, debtors debtorsthat are that not arepast not due past (2011: due $72k;(2011: 2010: $72k; $207k) 2010: and$207k) not andless not than less 3 months than 3 monthspast due past due (2011: Nil;(2011: 2010 Nil; Nil) 2010 are Nil)not areconsidered not considered impaired impaired and together and together these represent these represent 55% (2010: 55% 58%)(2010: of 58%) the total of the trade total trade debtors.debtors. There are There no debtorsare no debtorswhich are which currently are currently not past not due past or impaireddue or impaired whose termswhose have terms been have renegotiated. been renegotiated.

The onlyThe financial only financial assets thatassets are that past are due past or impaireddue or impaired are “sales are of “sales goods of and goods services” and services” in the “receivables” in the “receivables” category category of the statementof the statement of financial of financial position. position. Total 1,2Total Past1,2 duePast but due not but impaired not impaired Considered Considered impaired impaired $’000 $’000 $’000 $’000 $’000 $’000 2011 2011 > 6 months> 6 monthsoverdue overdue 59 59 0 0 59 59

2010 2010 > 6 months> 6 monthsoverdue overdue 150 150 0 0 150 150

Notes Notes 1. Each1. column Each columnin this table in this represents table represents “gross receivable” “gross receivable” 2. The ageing2. The analysisageing analysis excludes excludes receivables receivables that are that not arepast not due past and due not andimpaired. not impaired. Therefore, Therefore, the “total” the will “total” will not reconcilenot reconcile to the receivable to the receivable total recognised total recognised in the statement in the statement of financial of financial position. position.

LiquidityLiquidity risk is the risk risk is thethat risk the thatFTO the will FTO be unable will be tounable meet toits meet payment its payment obligations obligations when they when fall they due. fall The due. FTO The FTO continuouslycontinuously manages manages risk through risk through monitoring monitoring future cash future flows cash and flows maturities and maturities planning planning to ensure to adequateensure adequate holding holding of high qualityof high liquidquality assets. liquid assets.The objective The objective is to maintain is to maintain a balance a balance between between continuity continuity of funding of fundingand flexibility and flexibility throughthrough the use theof overdrafts, use of overdrafts, loans and loans other and advances. other advances.

During theDuring current the currentand prior and years, prior there years, were there no were defaults no defaults or breaches or breaches on any loanson any payable. loans payable. No assets No haveassets been have been pledgedpledged as collateral. as collateral. The FTO’s The exposure FTO’s exposure to liquidity to liquidityrisk is deemed risk is deemed insignificant insignificant based on based prior on periods’ prior periods’ data and data and current currentassessment assessment of risk. of risk. 29

The liabilitiesThe liabilities are recognised are recognised for amounts for amounts due to be due paid to bein thepaid future in the for future goods for or goods services or services received, received, whether whether or not or not invoiced.invoiced. Amounts Amounts owing to owing suppliers to suppliers (which are(which unsecured) are unsecured) are settled are insettled accordance in accordance with the with policy the set policy out inset out in Treasurer’sTreasurer’s Direction Direction 219.01. 219.01.If trade Ifterms trade are terms not arespecified, not specified, payment payment is made is no made later nothan later the than end theof the end month of the month followingfollowing the month the in month which in an which invoice an invoiceor a statement or a statement is received. is received. Treasurer’s Treasurer’s Direction Direction 219.01 allows219.01 the allows Minister the Minister to to award interestaward interestfor late payment.for late payment. The rate The of interestrate of interestapplied appliedduring the during year the was year 0% was (2010: 0% 0%).(2010: 0%).

The tableThe below table summarises below summarises the maturity the maturity profile of profile the FTO’s of the financial FTO’s financial liabilities, liabilities, together together with the with interest the interestrate rate exposure.exposure.

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

Directions are followed to recover outstanding amounts including letters of demand. Debts which are known to be uncollectable are written off. An allowance for impairment is raised when there is evidence that the amount cannot be collected.

Production Loans are secured by:

• Loan Agreement with applicant; and

• Deed of Direction with applicant directing the distributor to make payment of the distribution guarantee to the FTO in repayment of the loan; and

• First Ranking Charge from the distributor over the distributor’s assets / Letter of Credit / Bank Guarantee / Corporate Guarantee from an approved parent or related company of the distributor or other such security as determined by the FTO.

Interest rates of between 2% and 4% are payable on the basis that the loans will be paid on time. A penalty interest rate of 10% is charged on amounts not paid on the due date.

Receivables – trade debtors

All trade debtors are recognised as amounts at balance date. Collectability of trade debtors is reviewed on an ongoing basis. Procedures as established in the Treasurer’s Directions are followed to recover outstanding amounts, including letters of demand. Debts which are known to be uncollectible are written off. An allowance for impairment is raised when there is objective evidence that the entity will not be able to collect all amounts due. This evidence includes past experience, and current and expected changes in economic conditions and debtor credit ratings. No interest is earned on trade debtors. Sales are made on 30 day terms.

The FTO is not materially exposed to concentrations of credit risk to a single trade debtor or group of debtors. Based on past experience, debtors that are not past due (2011: $72k; 2010: $207k) and not less than 3 months past due (2011: Nil; 2010 Nil) are not considered impaired and together these represent 55% (2010: 58%) of the total trade debtors. There are no debtors which are currently not past due or impaired whose terms have been renegotiated.

The only financial assets that are past due or impaired are “sales of goods and services” in the “receivables” category of the statement of financial position. Total 1,2 Past due but not impaired Considered impaired $’000 $’000 $’000 2011 > 6 months overdue 59 0 59

2010 > 6 months overdue 150 0 150

Notes 1. Each column in this table represents “gross receivable” 2. The ageing analysis excludes receivables that are not past due and not impaired. Therefore, the “total” will not reconcile to the receivable total recognised in the statement of financial position.

FINANCIAL(c) Liquidity risk STATEMENTS

NewLiquidity South risk is theWales risk that Film the FTO and will Televisionbe unable to meet Office its payment obligations when they fall due. The FTO continuously manages risk through monitoring future cash flows and maturities planning to ensure adequate holding of high quality liquid assets. The objective is to maintain a balance between continuity of funding and flexibility Notesthrough tothe usethe of financialoverdrafts, loans statements and other advances. (continued)

During the current and prior years, there were no defaults or breaches on any loans payable. No assets have been pledged as collateral. The FTO’s exposure to liquidity risk is deemed insignificant based on prior periods’ data and current assessment of risk.

The liabilities are recognised for amounts due to be paid in the future for goods or services received, whether or not invoiced. Amounts owing to suppliers (which are unsecured) are settled in accordance with the policy set out in Treasurer’s Direction 219.01. If trade terms are not specified, payment is made no later than the end of the month following the month in which an invoice or a statement is received. Treasurer’s Direction 219.01 allows the Minister to award interest for late payment. The rate of interest applied during the year was 0% (2010: 0%). FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE The table below summarises the maturity profile of the FTO’s financial liabilities, together with the interest rate exposure.

Maturity analysis and interest rate exposure of financial liabilities

Interest Rate Exposure Maturity Dates Weighted Nominal Fixed Variable Non- Average Amount Int. Rate Int. Rate interest < 1 yr 1 – 5 > 5 Effective 1 bearing yrs yrs Int. Rate $’000 $’000 $’000 $’000 2011 Payables: Personnel services 0 32 0 0 32 32 0 0 payable Creditors 0 3,284 0 0 3,284 3,284 0 0 Funds held on behalf of Investors in Motion 0 0 0 0 0 0 0 0 Picture 3,316 0 0 3,316 3,316 0 0 2010 Payables: Personnel services 0 31 0 0 31 31 0 0 payable Creditors 0 2,212 0 0 2,212 2,212 0 0 Funds held on behalf of Investors in Motion 0 137 0 0 137 0 137 0 Picture 2,380 0 0 2,380 2,243 137 0

Notes: 1. The amounts disclosed are the contractual undiscounted cash flows of each class of financial liabilities based on the earliest date on which the FTO can be required to pay. The tables include both interest and principal cash flows and therefore will not reconcile to the statement of financial position.

(d) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The FTO has no exposure to foreign currency risk and does not enter into commodity contracts. The effect on profit and equity due to a reasonably possible change in risk variable is outlined in the information below, for interest rate risk and other price risk. A reasonably possible change in risk variable has been determined after taking into account the economic environment in which the FTO operates and the time frame for the assessment (i.e. until the end of the next annual reporting period). The sensitivity analysis is based on risk exposure in existence at the statement of financial position date. The analysis is performed on the same basis for 2010. The analysis assumes that all other variables remain constant. Interest rate risk Exposure to interest rate risk arises primarily through the FTO’s interest bearing liabilities. This risk is minimised by undertaking mainly fixed rate borrowings, primarily with NSW TCorp. The FTO does not account for any fixed rate financial instruments at fair value through profit or loss or as available-for-sale. Therefore, for these financial instruments, a change in interest rates would not affect profit or loss or equity. A reasonably possible change of + / - 1% is used, consistent with current trends in interest rates. The basis will be reviewed annually and amended where there is a structural change in the level of interest rate volatility. The FTO’s exposure to interest rate risk is set out below. $’000 30 Carrying -1% 1% Amount Profit Equity Profit Equity 2011 Financial assets Cash and cash equivalents 10,447 (104) (104) 104 104 Receivables 388 0 0 0 0 Production Loan Fund (Revolve Fund) 65 0 0 0 0 Financial liabilities Payables 3,316 0 0 0 0 Borrowings 0 0 0 0 0 2010 Financial assets Cash and cash equivalents 8,265 (83) (83) 83 83 Receivables 401 0 0 0 0 Production Loan Fund (Revolve Fund) 719 0 0 0 0 Financial liabilities Payables 2,243 0 0 0 0 Borrowings 137 0 0 0 0

FINANCIAL STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE

Maturity analysis and interest rate exposure of financial liabilities

(d) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The FTO has no exposure to foreign currency risk and does not enter into commodity contracts. The effect on profit and equity due to a reasonably possible change in risk variable is outlined in the information below, for interest rate risk and other price risk. A reasonably possible change in risk variable has been determined after taking into account the economic environment in which the FTO operates and the time frame for the assessment (i.e. until the end of the next annual reporting period). The sensitivity analysis is based on risk exposure in existence at the statement of financial position date. The analysis is performed on the same basis for 2010. The analysis assumes that all other variables remain constant. Interest rate risk Exposure to interest rate risk arises primarily through the FTO’s interest bearing liabilities. This risk is minimised by undertaking mainly fixed rate borrowings, primarily with NSW TCorp.FINANCIAL The FTO does not account STATEMENTS for any fixed rate financial instruments at fair value through profit or loss Newor as available-for-sale. South Wales Therefore, Film andfor these Television financial Office instruments, a change in interest rates would not affect profit or loss or equity. A reasonably possible change of + / - 1% is used, consistent with current trends in interest rates. The basis will be reviewed annually and amended where there is a structural change in the level of interest rate volatility. The FTO’s exposure to interest rate risk is set out Notesbelow. to the financial statements (continued) $’000 Carrying -1% 1% Amount Profit Equity Profit Equity 2011 Financial assets Cash and cash equivalents 10,447 (104) (104) 104 104 Receivables 388 0 0 0 0 Production Loan Fund (Revolve Fund) 65 0 0 0 0 Financial liabilities Payables 3,316 0 0 0 0 Borrowings 0 0 0 0 0 2010 Financial assets Cash and cash equivalents 8,265 (83) (83) 83 83 Receivables 401 0 0 0 0 Production Loan Fund (Revolve Fund) 719 0 0 0 0 FINANCIALFinancial liabilities STATEMENTS – NEW SOUTH WALES FILM AND TELEVISION OFFICE Payables 2,243 0 0 0 0 Borrowings 137 0 0 0 0

(e) Fair value compared to carrying amount

Financial instruments are carried at (amortised) cost which are measured at fair value.

19. After Balance Date Events

There are no events subsequent to the balance date which affect the financial information disclosed in these financial statements.

End of the audited financial statements. NEW SOUTH WALES FILM AND TELEVISION OFFICE NEW SOUTH WALES FILM AND TELEVISION OFFICE

Statement in accordance with Section 41C(1C) STATEMENT IN ACCORDANCE WITH SECTION 41C(1C) OF THE PUBLIC FINANCE AND AUDIT ACT 1983 STATEMENT IN ACCORDANCE WITH SECTION 41C(1C) OF THE PUBLIC FINANCE AND AUDIT ACT 1983 of the Public Finance And Audit Act 1983

Pursuant to section 41C(1C) of the Public Finance and Audit Act 1983, and in accordance with a resolution of the Pursuant to section 41C(1C) of the Public Finance and Audit Act 1983, and in accordance with a resolution of the New South Wales Film & Television Office we state that: New South Wales Film & Television Office we state that:

(a) the accompanying financial statements have been prepared in accordance with the Australian Accounting (a) the accompanying financial statements have been prepared in accordance with the Australian Accounting Standards (which include Australian Accounting Interpretations), the provisions of the Public Finance and Standards (which include Australian Accounting Interpretations), the provisions of the Public Finance and Audit Act 1983, the applicable clauses of the Public Finance and Audit Regulation 2010, and the Audit Act 1983, the applicable clauses of the Public Finance and Audit Regulation 2010, and the Treasurer’s Directions; Treasurer’s Directions;

(b) the financial statements and notes thereto exhibit a true and fair view of the financial position as at 30 June (b) the financial statements and notes thereto exhibit a true and fair view of the financial position as at 30 June 2011 and the results of the operations for the year ended on that date; 2011 and the results of the operations for the year ended on that date;

(c) at the date of signing we are not aware of any circumstances that would render the financial statements (c) at the date of signing we are not aware of any circumstances that would render the financial statements misleading or inaccurate. misleading or inaccurate.

CHAIR, FTO BOARD CHAIR, FINANCE & AUDIT SUB COMMITTEE CHAIR, FTO BOARD CHAIR, FINANCE & AUDIT SUB COMMITTEE

Date: 20 October 2011 Date: 20 October 2011

A pPENdiCES 09

Appendix 1A Production Finance Projects Contracted 2010–2011 34 Appendix 1A Production Finance Additional Production Investment Funding to existing projects 36 Appendix 1B Production Finance Approved but uncontracted 2010–2011 36 Appendix 1C Production Finance Returns 2010–2011 37 Appendix 1D Production Loan Finance Fund Contracted Loans 2010–2011 37 Appendix 2 Regional Filming Fund Projects Contracted 2010–2011 37 Appendix 3A Project / Script Development Early Stage Development 37 Appendix 3B Project / Script Development Approved by Uncontracted 2010–2011 40 Appendix 3C Project / Script Development Advanced Development 40 Appendix 3D Project / Script Development Special Initiatives Funded 2010–2011 42 Appendix 3E P roject / Script Development Funding Received by NSW Producers Under The Notice of Election 2010–2011 42 Appendix 4 Aurora Projects Contracted 2010–2011 42 Appendix 5A Slingshot — Emerging Filmmakers Fund Projects Contracted 2010–2011 43 Appendix 5B Slingshot — Emerging Filmmakers Fund Travel/Marketing Grants 2010–2011 43 Appendix 5C Slingshot — Special Initiatives Contracted 2010–2011 43 Appendix 5D Slingshot — VFX Placement Scheme Contracted 2010–2011 43 Appendix 5E Slingshot — Festival Travel 43 Appendix 5F Slingshot — Above-the-line Attachment 44 Appendix 5G Slingshot — Producer Extension Scheme 44 Appendix 6A Assessors Production and Development 44 Appendix 6B Assessors Aurora 45 Appendix 6C Assessors Emerging Filmmakers Fund 45 Appendix 6D Assessors VFX Placement Scheme 45 Appendix 7 Industry Development Grants Approved and Contracted 2010–2011 45 Appendix 8A Special Initiatives Contracted in 2010–2011 46 Appendix 8B Contribution to The Australian Children’s Television Foundation 2010–2011 46 Appendix 9A Production Attraction Selected Drama Projects Filmed in NSW 2010–2011 46 Appendix 9B Production Attraction Pitches 2010–2011 47 Appendix 9C Production Attraction Inbound Visits 2010–2011 47 Appendix 10 Human Resources Personnel Policies and Practices 48 Appendix 11 Consultants 48 Appendix 12 Staff Structure A four-year comparison 48

32 Appendix 13 Wages and Salaries Exceptional Movements 49 Appendix 14 Staff Movements 49 Appendix 15 Staff Development 49 Appendix 16 Accounts Payable Performance 49 Appendix 17 Risk Management and Insurance 49 Appendix 18 Reviews and Audits Undertaken 50 Appendix 19 Review of Credit Card use 50 Appendix 20 Cost of the Annual Report 50 Appendix 21 Departmental Representatives on Significant Committees 50 Appendix 22A Board Meetings 50 Appendix 22B Significant Committees of the Agency 51 Appendix 23 Overseas Travel 51 Appendix 24 Screen NSW Publications 51 Appendix 25 Major Works in Progress 51 Appendix 26 Government Energy Management Policy 51 Appendix 27 Services to women 52 Appendix 28 Freedom of Information 52 Appendix 29 Report on Occupational Health and Safety 52 Appendix 30 Electronic Service Delivery 52 Appendix 31 Recycling Report 52 Appendix 32 Disability Action Plan 52 Appendix 33 Personal Information and Privacy 53 Appendix 34 Conflict of Interest 53 Appendix 35 Legal Change 53 Appendix 36 Client Response 53 Appendix 37 Guarantee of Service 53

33 Appendix 1A Production Finance Projects Contracted 2010–2011

PROJECT APPLICANT PRODUCER(S) DIRECTOR(S) AMOUNT Factual Programs Singles Dick Smith’s Population Productions Pty Ltd Anna Cater, Simon Nasht $60,000 Population Puzzle Simon Nasht Paul Cox: A Life Frontline Films Pty Ltd David Bradbury David Bradbury $40,000 Football United North One Television Dan Goldberg Adam Kay $20,000 Australia Pty Ltd Macquarie: The Father Intomedia Pty Ltd Stuart Scowcroft, Les Wilson $30,000 of Australia Seona Robertson Rocket Compulsion Firelight Productions Pty Ltd Marcus Gillezeau, Gregory Read $50,000 Ellenor Cox The Grammar of Happiness Essential Media and Chris Hilton Randall Wood $55,000 Entertainment Pty Ltd Dancing With Dictators Evershine Pty Ltd Helen Barrow Hugh Piper $60,000 (pka Myanmar Times) Cool School Antarctica Angels Television Pty Ltd Gregory Miller, Gregory Miller, $25,000 Liz Courtney Liz Courtney I’m Not Dead Yet I Kandy Films Pty Ltd Janine Hosking Janine Hosking $35,000 A Law Unto Himself Carolyn Johnson Films Pty Ltd Carolyn Johnson Catherine $30,000 Hunter All The Way (pka Vietnam: November Films Pty Ltd Anne Delaney Toby Creswell, $50,000 The War Between Australia Anne Delaney and the US) Shark Harbour U ltramarine Films Pty Ltd Edward Radford, Michael Lynch $20,000 Michael Lynch Ochre & Ink Nirvana Films Pty Ltd James Bradley, James Bradley $14,000 Rachel Clements A Common Purpose Looking Glass Pictures Pty Ltd Mitzi Goldman Mitzi Goldman $25,000 subtotal $514,000

Series Hardliners Cordell Jigsaw Productions Steve Bibb Rick McPhee $110,000 Pty Ltd Wide Open Road Bombora Film and Music Co Paul Clarke Paul Clarke $101,539 Pty Ltd Root: An Unnatural Matchbox Pictures Pty Ltd Michaela Perske Luke Eve $135,000 History of Sex Outback Wrangler Freehand Productions Pty Ltd Paul Rudd Matt $85,000 (pka In The Wild) Tomaszewski Go Back To Where Cordell Jigsaw Rick McPhee Ivan O’Mahoney $75,000 You Came From Productions Pty Ltd Country Town Rescue Zapruder’s Other Films Pty Ltd Anita Jacoby Deb Cuell $130,000 Australia Between The Wars Beyond Screen Productions Renee Kennedy Stuart Goodman $95,000 Pty Ltd Once Upon a Time Fredbird Entertainment Pty Ltd Craig Graham, Mike Bluett $55,000 in Cabramatta Sue Clothier subtotal $786,539

Features The Hunter Porchlight Films Pty Ltd Vincent Sheehan Daniel Nettheim $415,000 Wish You Were Here Vivid Films Pty Ltd Angie Fielder Kieran Darcy- $330,255 (pka Say Nothing) Smith Goddess Goddess Enterprises Pty Ltd Richard Keddie Mark Lamprell $500,000

34 PROJECT APPLICANT PRODUCER(S) DIRECTOR(S) AMOUNT A Few Best Men A Few Best Men Pty Ltd Antonia Barnard, Stephan Elliott $850,000 Gary Hamilton, Share Stallings, Laurence Malkin Mental Story Bridge Films Pty Ltd Todd Fellman PJ Hogan $320,000 Dead Europe See-Saw Films Pty Ltd Emile Sherman, Tony Krawitz $400,000 Libby Sharp, Iain Canning Venice D ragonet Films Pty Ltd Karen Radzyner, Miro Bilbrough $149,977 Michael Wrenn Not Suitable For Children Eddie Wong Films Pty Ltd Jodi Matterson Peter $375,000 (pka A 20 Something Templeman Survival Guide) Drift World-Wide-Mind Films Pty Ltd Tim Duffy, Ben Nott, $350,000 Myles Pollard, Morgan O’Neill Michele Bennett Satellite Boy Satellite Films Pty Ltd David Jowsey Catriona $225,000 McKenzie Storm Surfers 3D Storm Surfers 3D Pty Ltd Marcus Gillezeau, Chris Nelius, $50,000 Ellenor Cox Justin McMillan subtotal $3,965,232

Children’s Television Series Live action Dance Academy Series 2 Werner Film Productions Pty Ltd Joanna Werner Ian Watson $500,000 subtotal $500,000

Animation/other The Woodlies The Woodlies Pty Ltd Avrill Stark Alexis $275,000 Stadermann, Animation Director: Alex Weight The Adventures The Chocolate Liberation Front Dan Fill, Luke Jurevicius, $230,000 of Figaro Pho Pty Ltd Michael Boughen, Animation Frank Verheggen Director: David Webster subtotal $505,000

Factual Series Dancing Down Under Wild Fury Pty Ltd Veronica Fury Susan Lambert, $35,000 Field directors: Phoebe Hart, Britt Arthur subtotal $35,000

Adult Television Drama Series The Straits Matchbox Pictures Helen Peter Andrikidis, $200,000 Panckhurst, Catriona Penny Chapman McKenzie and others Rescue Special Ops 3 Southern Star Entertainment Julie McGauran, Peter Andrikidis $440,000 Pty Ltd Sarah Smith Paper Giants: The Birth of Southern Star Entertainment John Edwards, Emma Freeman $300,000 Cleo Pty Ltd Karen Radzyner Wild Boys Southern Star Entertainment Julie McGauran, Various $350,000 Pty Ltd Sarah Smith subtotal $1,290,000

35 PROJECT APPLICANT PRODUCER(S) DIRECTOR(S) AMOUNT Telemovies Blood Brother Playmaker Media Pty Ltd David Maher, Peter Andrikidis $250,000 David Taylor subtotal $250,000

Adult Animation / Cross Platform / Other The Gradual Demise Hopscotch Productions Pty Ltd Rachel Okine Emma Magenta $35,000 of Phillipa Finch subtotal $35,000

TOTAL $7,880,771

Appendix 1A Production Finance Additional Production Investment Funding to existing projects

PROJECT APPLICANT PRODUCER(S) DIRECTOR AMOUNT FEATUREs Wish You Were Here Vivid Films Pty Ltd Angie Fielder Kieran Darcy-Smith $10,000 Subtotal $10,000

TV SERIES Rake Essential Media and Ian Collie Peter Duncan, Jess $8,701 Entertainment Pty Ltd Hobbs, Jeff Walker Mrs Carey’s Concert Arundel Productions Helen Panckhurst, Bob Connolly, $5,614 Pty Ltd Bob Connolly Sophie Raymond Subtotal $14,315

TOTAL $24,315

Applications Received 66 Applications Contracted 43 Percentage of Applications Contracted 65

Type Number Contracted Amount % Features 11 $3,965,232 50 Factual Programs 22 $1,300,539 17 Televisions Drama 6 $1,575,000 20 Childrens Television 4 $1,040,000 13

Total 43 $7,880,771 100

Appendix 1B Production Finance Approved but uncontracted 2010–2011

PROJECT APPLICANT PRODUCER(S) DIRECTOR AMOUNT Factual Programs Series Next Stop Hollywood Matchbox Pictures Cecilia Ritchie, Gary Doust $60,000 Pty Ltd Michael McMahon Wild Australia Wild Fury Pty Ltd Bettina Dalton Rory McGuinness $80,000 Subtotal $140,000

36 PROJECT APPLICANT PRODUCER(S) DIRECTOR AMOUNT Features The Sapphires Goalpost Pictures Rosemary Blight, Wayne Blair $800,000 Pty Ltd Kylie du Fresne Lore Porchlight Films Liz Watts, Paul Walsh, Karsten Cate Shortland $275,000 Pty Ltd Stoter, Gabriele Kranzelbinder The Hunter Porchlight Films Vincent Sheehan Daniel Nettheim $7,500 Pty Ltd Subtotal $1,082,500

Adult Television Drama Telemovies Mabo Blackfella Films Darren Dale, Miranda Dear Rachel Perkins $150,000 Pty Ltd Top Of The Lake See-Saw (Totl) Emile Sherman Jane Campion $500,000 Holdings Pty Ltd Subtotal $650,000

Total $1,732,500

Appendix 1C Production Finance Returns 2010–2011

Production Finance Returns $358,386

Appendix 1D Production Loan Finance Fund Contracted Loans 2010–2011

P rOJECT Applicant Type Amount Approved Rocket Compulsion Rocket Compulsion Pty Ltd Offset Loan $62,003

Appendix 2 Regional Filming Fund Projects Contracted 2010–2011

Regional Amount P rOJECT Type Applicant Region NSW Spend* Funded A Few Best Men Feature A Few Best Men Blue Mountains $420,000 $100,000 Country Town Rescue Factual Zof Productions Pty Ltd Trundle $128,153 $42,000 The Sapphires Feature Goalpost Pictures Yarramundi, Windsor $503,712 $100,000 Wild Boys TV Series Southern Star Entertainment Wilberforce $439,300 $100,000 Mental Feature Mental Holdings Ballina $475,000 $100,000

Total $1,966,165 $442,000 *Note: denotes estimated regional spend. Final figures may vary.

Appendix 3A Project / Script Development Early Stage Development

P rOJECT APPLICANT WRITER(S) AMOUNT Features Skylab U ltrafilms No.2 Pty Ltd Rupert Glasson $27,000 The Dreaming Odin’s Eye Entertainment Pty Ltd Shayne Armstrong, Shayne Krauss $33,000 The Fabulist Essential Media and Entertainment Pty Ltd Louis Nowra $25,000 Live Out Loud Kokoro Paradigm Pty Ltd Jonathan Worsley $7,000 74 (pka Socceroos) AR Films Phillip Middleton $6,000 Mr & Mrs Montague Elissa Down Films Pty Ltd Elissa Down $5,000 (pka Juliet in Mantua) The Rocket Red Lamp Films Pty Ltd Kim Mordaunt $10,000

37 P rOJECT APPLICANT WRITER(S) AMOUNT Cartagena Causeway Films Pty Ltd, Nam Le $15,000 Dragonfly Pictures Pty Ltd Birdbrain Stephen Abbott Stephen Abbott, Warren Coleman $10,000 Mary Shelley Emma Jensen Sall Grover $8,000 The Windy Miller Rogue Star Productions Pty Ltd Anthony Hayes, Toby Schmitz $18,000 The Nargun Monsoon Pictures Australia Pty Ltd Phil Smith, Adam Dolman $15,000 and the Stars 40 30 30 Goalpost Pictures Australia Geoffrey Atherden $17,500 Any Girl Who Loves Nick Pollack Nick Pollack $8,000 The Beatles Filmmakers Cinema BIC Productions Pty Ltd Tom Zubrycki, John Hughes $14,300 subtotal $218,800

Adult Television Drama Series Sleepless (pka Matchbox Pictures Pty Ltd Alice Bell $7,500 The Motherhood Constellation) Orchestra Amanda Higgs Pty Ltd and Joan Sauers Joan Sauers, John Davies, $15,000 t/a Orchestra Productions Sue O’Neill Sick Puppies RB FIlms Pty Ltd Drew Proffitt, Kim Wilson $15,000 One Way or Another Matchbox Pictures Pty Ltd Victoria Pitt, Tommy Murphy, $8,000 (pka Sodom & Kristen Dunphy Gomorrah) River Man Matchbox Pictures Pty Ltd David Lowe $4,265 Tough As Nails Freehand Productions Pty Ltd Nicola Parry $8,000 Stuck on Earth The Full Box Pty Ltd Charles Firth $10,000 subtotal $67,765

Telemovies Thicker Than Water F.D.Bozic and F.A. McKinnon Fiona Bozic, Faith McKinnon $12,000 (pka Twilight House) subtotal $12,000

Children’s Television Series Live action Resistance That’s-A-Wrap Pty Ltd Andrew Dillon, Naomi Janzen, $18,000 Chris Roache, Roger Monk, Sarah Lambert Paint My Story Freehand Productions Pty Ltd Kate Smith $15,000 Brandon Goes Bush North One Television Australia Pty Ltd Dan Goldberg $10,000 subtotal $43,000

Animation Bubble Bath Bay Essential Media and Entertainment Pty Ltd Clare Madsen $10,000 Habitat Australian Documentaries Gina Roncoli $10,000 subtotal $10,000

Factual programs Single A Pill to Change Iguana Films Pty Ltd Jenny Ainge $15,000 the World Saving America Elizabeth Tadic, Selene Alcock Selene Alcock, Elizabeth Tadic $7,000 (pka Son of a Gun) Who Bombed Pony Films Pty Ltd Rachel Landers $13,500 The Hilton?

38 P rOJECT APPLICANT WRITER(S) AMOUNT Death By Piano Con Anemogiannis t/a Constant Films Con Anemogiannis $7,500 Make Hummus Yarra Bank Films Pty Ltd Trevor Graham $12,000 Not War Secret Squirrel Iris Pictures Pty Ltd John Janson-Moore $10,000 Business (pka Not Look Away) Animal Law Jumping Dog Productions Pty Ltd Stefan Moore $10,000 The Gap D aniella Ortega Productions Pty Ltd Gary Doust $10,000 Black is Inclusive Bower Bird Films Pty Ltd, Onyx Adrian Wills $10,000 Management Group Pty Ltd Saving America Elizabeth Tadic, Selene Alcock Selene Alcock, Elizabeth Tadic $12,000 (pka Son of a Gun) Spirit Peacelily Enterprises Pty Ltd Anna Reeves, Viv Somers $5,500 Miss Nicole and Iris Pictures Pty Ltd Juliet Lamont $5,000 the Tiger Girls The Hive Real Pictures Pty Ltd Annamaria Talas $10,000 Bikie Laws Converse Media Pty Ltd, Serhat Caradee, Andre Castaldi $10,000 Uncovered Films Pty Ltd Family Confidential Kalmedia Pty Ltd Laurie Critchley $20,000 — Series 2 subtotal $157,500

Series Larks Larrikins Stu& Duff Pty Ltd Matthew Duffy $7,300 & Laughs Cradle of Comedy Firebreak Productions Pty Ltd TBC $14,000 (pka IFTAR Live) What The D ecember Films Pty Ltd, Anita Brown $10,000 Ancestors Ate Serendipity Films Pty Ltd subtotal $31,300

Features The Network Nerdy Girl Pty Ltd Eva Orner $10,000 Aim High In Creation Anna Broinowski Anna Broinowski $10,000 Sink or Swim Anna Broinowski Richard Pain $10,000 Then They Came iKandy Films Pty Ltd Janine Hosking $15,000 For Me subtotal $45,000

Multi Platform Hard Wired The Digital Project Factory Pty Ltd TBC $7,500 Into the Heart D lux Media Arts Annette Shun Wah $7,500 of Chinatown Heavenly Film Projects Pty Ltd TBC $3,770 subtotal $18,770

Business Plan Business Plan Hibiscus Films $7,000 — Hibiscus Red Business Plan Blackfella Films $5,000 — Blackfella Films subtotal $12,000

TOTAL $616,135

39 Applications Received 186 Applications Contracted 55 Percentage of Applications Contracted 30

Tye p Number contracted Amount % Features 15 $218,800 35.5 Factual Programs 22 $233,800 37.9 Television Drama 8 $79,765 12.9 Childrens Television 5 $53,000 8.6 Multi Platform 3 $18,770 3.0 Business Plans 2 $12,000 1.9

TOTAL 55 $616,135 100

Appendix 3B Project / Script Development Approved by Uncontracted 2010–2011

P rOJECT APPLICANT WRITER(S) AMOUNT Breath Breath Productions Pty Ltd Tim Winton $25,000 Harvest Goalpost Pictures Pty Ltd Leon Ford $9,250 Devils Dust Fremanle Media Australia Pty Ltd Kris Mrksa, Jaime Browne $15,000 The Adventures of Yindi Leapfrog Productions Bridget Lyon $5,000

Appendix 3C Project / Script Development Advanced Development

P rOJECT APPLICANT WRITER(S) AMOUNT Features Say Nothing Angie Fielder t/a Vivid Films Kieran Darcy-Smith $22,535 Spinifex Anthony Buckley Films Pty Ltd Bea Christian $8,000 Strangerland D ragonfly Pictures Pty Ltd Fiona Seres $12,625 Ocean Warrior See Pictures Pty Ltd Michael Bond $15,200 The Hidden Tristram Miall Films Pty Ltd Jeremy Cumpston $10,000 Friends Upstairs D ecade Films Pty Ltd Steve Wright $5,920 Rue De Tournon Chaotic Pictures Pty Limited Augusta Miller, Gracie Otto $5,000 Simpson Mackay Screen Media Pty Ltd Sam Meikle $18,000 33 Liberty Lane Tree (Australia) Pty Ltd Stephen Ayres $5,000 The Mechanicals Green Park Pictures Pty Ltd Leon Ford $7,500 Gumnuts — Snugglepot Wunkydoo Pty Ltd Trevor Hawkins $16,000 and Cuddlepie Skylab U ltrafilms No.2 Pty Ltd Rupert Glasson $22,000 Treasure Island Pictures in Paradise Pty Ltd Niall Johnson $22,000 Sentido Babilu Films Pty Ltd Andrew Lawrence $10,000 The Babadook (pka Monster Man) Causeway Films Pty Ltd Jennifer Kent $20,100 Survival Tactics Smallville House Pty Ltd Morganics $5,000 The Great Macgowan Films Pty Ltd Tony McNamara $19,500 Chronical Chaotic Pictures Seth Larney $10,000 Break The Sky Red Lamp Films Pty Ltd Kim Mordaunt $17,850 subtotal $252,230

40 P rOJECT APPLICANT WRITER(S) AMOUNT Television Drama series Nanna Army Heiress Films Brendan Shanahan $5,000 Old School plus slate Enjoy Entertainment Pty Ltd Various $5,000 subtotal $10,000

Animation Ghosts of Time Trackdown Digital Pty Ltd David Witt $5,000 Beached Az The Handsomity Institute Jarod Green $4,000 subtotal $9,000

Childrens Television Live action Scariacs Roboto Pty Ltd Shane Elsmore $10,000 Resistance That’s-A-Wrap Pty Ltd Naomi Janzen $5,000 subtotal $15,000

Animation Gross Out Kryptyx Entertainment Pty Ltd Kym Goldsworthy $5,500 GibbleGobbleChocolateWobble Mark Giblin, Crewjo Pty Ltd Crewjo $5,000 Mel Marshals Movies, Milli, Zesty Hackett Films James Hackett $5,000 subtotal $15,500

Factual Series Nature’s Forgotten Cradle Beyond Screen Productions Pty Ltd $8,000 First Footprints First Footprints Pty Ltd Steve Kinnane $20,000 Revolution 3D (pka Beyond Infinity) Onion Media Group Pty Ltd Jim Lounsbury $10,000 subtotal $38,000

Single Chemical Love (pka Making Love) Rewired Productions Pty Ltd, Sally Aitken $11,000 Serendipity Productions Pty Ltd A Pill to Change The World Iguana Films Pty Ltd Jenny Ainge $2,500 (pka Risk Pill) Miss Nikki and the Tiger Girls Iris Pictures Pty Ltd Juliet Lamont $8,000 subtotal $21,500

Features Storm Surfers 3D plus slate Firelight Projects Pty Ltd Various $5,000 Storm Surfers 3D 6ixty Foot Productions Pty Ltd Chris Nelius $7,000 subtotal $12,000

Multi Platform Lets Go Wild! Hugh Marks Sorrel Wilby $15,000 SmashCut The Digital Project Factory Pty Ltd Various $10,000 MoCoLoCo, China Heart, The Digital Project Factory Pty Ltd Various $5,000 Making Australia Happy Warco (game) Maniaty Media Pty Ltd, Tony Maniaty $25,000 Arenamedia Pty Ltd subtotal $55,000

TOTAL $428,230

41 Applications Received 75 Applications Contracted 40 Percentage of Applications Contracted 53

Tye p Number contracted Amount % Features 19 $252,230 58.9 Factual Programs 8 $71,500 16.7 Television Drama 4 $10,000 2.3 Childrens Television 5 $39,500 9.2 Multi Platform 4 $55,000 12.8

TOTAL 40 $428,230 100

Appendix 3D Project / Script Development Special Initiatives Funded 2010–2011

PROJECT APPLICANTS COMPANY AMOUNT International Co-Pro Showcase LA Jamie Hilton See Pictures Pty Ltd $5,000 International Co-Pro Showcase LA Naomi Wenck Dragonfly Pictures Pty Ltd $5,000 EAVE Film Fin Forum Miranda Culley Macgowan Films Pty Ltd $1,000 AAMELP 2010–2011 (Screen NSW Contribution) $41,340 International Co-Pro Showcase LA $2,492

Total $54,832

Appendix 3E Project / Script Development Funding Received by NSW Producers Under The Notice of Election 2010–2011

PRODUCER PROJECT Type APPLICANT ENTERPRISE AMOUNT EQUITY I’m Not Dead Yet Factual iKandy Films $19,316 $19,316 A Common Purpose Factual Looking Glass Pictures $16,000 $16,000 Root: Unnatural History of Sex Feature Matchbox Pictures $28,375 $28,375 Football United Factual Football Unites $15,000 $15,000 Say Nothing Feature Vivid Films $35,000 $10,000 $45,000 Goddess Feature Goddess Enteprises $30,063 $14,937 $45,000 Venice Feature Dragonet Films $14,500 $14,500 Satellite Boy Feature Satellite Films $45,000 $45,000 Storm Surfers 3D Feature Sixty Foot Productions $27,000 $27,000 The Straits Feature Pixa House $3,650 $3,650 The Gradual Demise of Phillipa Finch Other Hopscotch $15,000 $15,000

Total $68,713 $205,128 $273,841

Appendix 4 Aurora Projects Contracted 2010–2011

P rOJECT Writer Producer Director Amount Dust Patricia Cornelius Veronika Jenet and Suzanne Brow Ray Quint $40,000 On the Jellicoe Road Melina Marchetta Sue Taylor Cathy Randall $30,000 Dog Eat Dog Simon Portus David Curzon Simon Portus $40,000 Falls Creek James Breen Natalie Palomo and Michael Robertson James Breen $40,000

Total $150,000

42 Appendix 5A Slingshot — Emerging Filmmakers Fund Projects Contracted 2010–2011

Ttlei Applicant Type Amount Lie Softly Tara Riddell, Paola Morabito Short Drama $30,000 Spirit-Ed Peter Mether, Shannon Wilson Short Drama $15,000 (post-production only) My Mind’s Piers Grove, Josh Wakely, Daniel Johns Short Musical Drama $30,000 Own Melody Letter Tape Rowena Crowe, Mitzi Goldman Short Animated Documentary $15,000 Suspended Lisa Shaunessy, Damian Walshe-Howling Short Drama $30,000 A Cautionary Tail Pauline Piper, Simon Rippingale, Erica Harrison Short Animation $30,000 Great Western Rachel Antony, Tanya Goldberg, Trent Bartfield ShortD rama $25,000

Total $175,000

Appendix 5B Slingshot — Emerging Filmmakers Fund Travel/Marketing Grants 2010–2011

Ttlei applicant Type Usage Amount The Distance Between Michael Fahd, Short Drama Travel to Melbourne Queer Film Festival $2,500 Melissa Azizi Change Given Ariel Martin Short Drama Travel to Austin Film Festival in LA $2,500 Diamond Bay D avid Ratner Short Drama Travel to Slamdance Film Festival, Utah $2,500

total $7,500

Appendix 5C Slingshot — Special Initiatives Contracted 2010–2011

Ttlei Recipients Type Amount Breakout 2011 Metro Screen Short Films $50,000 Out There and Deadly Program Metro Screen Short Films $78,000

Total $128,000

Appendix 5D Slingshot — VFX Placement Scheme Contracted 2010–2011

Aplicantsp Host Company Area of Focus Amount Colin Ware Fuel VFX Modelling $18,500 Amanda Lee FSM Animation $18,500 Melanie Cook Flying Bark Productions Concept/Storyboard $18,500 Brad Roddy Dr D Studios Compositor $18,500 Lissa Pascale Brown Dr D Studios 3D $18,500

Total $92,500

Appendix 5E Slingshot — Festival Travel

Aplicantsp Title Travel To Amount David Jowsey Mad Bastards Sundance $5,000 Kriv Stenders Red Dog Berlin Internatioinal Film Festival $4,000 David Jowsey, Ivan Sen Toomelah Cannes 2011 $5,000 Emile Sherman The King’s Speech Toronto $2,450 Penny Chapman My Place Input 2011, Seoul $2,000

43 Aplicantsp Title Travel To Amount Julia Leigh Sleeping Beauty Cannes 2011 $7,000 Mitzi Goldman Memoirs of a Plague I DFA, Amsterdam $3,500 Paola Morabito, John Connell Africa to Australia Banff $5,000 Tom McKeith Pig Berlin Internatioinal Film Festival $2,500 Wendy Chandler Heirloom Stuttgart Animation Festival $2,300 Luke Eve Cockroach Stuttgart Animation Festival $2,500 Nash Edgerton Bear Cannes $5,000 Linda Mirabilio She Loves Me … Frameline $2,500 total $48,750

Applications Received 21 Applications Contracted 13 Percentage of Applications Contracted 62

Appendix 5F Slingshot — Above-the-line Attachment

A tTACHEE Attachment Role Attached To Amount Peter Carstairs Director Matchbox Pictures $5,000 Emma Morris Producer Firelight $5,000 Hannah Hilliard Director Hunter Film Production $5,000 Martha Goddard Director Matchbox Pictures $4,800 Andrew Arbuthnot Producer Essential Media $5,000 Nicholas Barkl Producer Australian Documentaries $5,000 Jiao Chen Producer Macgowan Films $5,000 Maria Tran Producer Once Upon A Time Productions $5,000

Total $39,800

Applications Received 11 Applications Contracted 8 Percentage of Applications Contracted 73

Appendix 5G Slingshot — Producer Extension Scheme

Annmaree Bell $20,000 Lauren Edwards $20,000

Appendix 6A Assessors Production and Development

Asessorss Alison Leigh Donna Andrews Laurie Webb Sally Regan Amanda Higgs Fotini Manikakis Lorelle Adamson Sandra Alexander Amanda Morrison Guy Gadney Lori Flekser Sandy Stevens Andrew Ogilvie Ian Walker Matt Carroll Sheila Hanahan Taylor Ann Folland Jacqueline King Matt Taylor Steven Schnieder Anne Bruning Jarod Green Meg Le Fauve Sue Masters Anne Carey Jenny Day Megan Harding Sue Murray Anne Vierhout Julie Lynn Melissa Lucashenko Sue Taylor Antony Reed Justine Flynn Navid McIlhargey Susan Mackinnon

44 Asessorss Brian Gilbert Karen Radzyner Ned Lander Susie Campbell Carolyn Johnson Kate Fenske Pat Ferns Chris Noonan Kath Shelper Penny Robins Deborah Szapiro Kim Anderson Robyn Meisinger

Appendix 6B Assessors Aurora

Nmberove 2010 Syd Field Hilary Davis Jeremy Saunders Dany Cooper Scott Meek Sue Murray Roland Gallois

March 2011 Olivia Stewart Andrew Bovell Anne Carey Jocelyn Moorhouse

Appendix 6C Assessors Emerging Filmmakers Fund

Rundo 26 Justine Flynn Miro Bilbrough Ashley Luke Valerie Allerton

Appendix 6D Assessors VFX Placement Scheme

Asessorss Shilo McClean Elizabeth Carlton Anthony Jennings

Participating Companies Animal Logic Fin Design + Effects FSM Postmodern Dr. D Studios Flying Bark Productions Fuel VFX The Lab Sydney

Appendix 7 Industry Development Grants Approved and Contracted 2010–2011

Amount O rGANISATION Project Funded Australian Directors Guild Multi Year Funding — year 1 of 2 $25,000 Australian Guild of Screen Composers Multi Year Funding — year 1 of 2 $5,000 Australian International Documentary Conference Multi Year Funding — year 1 of 2 $13,000 Australian Writers Guild Multi Year Funding — year 1 of 2 $25,000 Information & Cultural Exchange (ICE) Multi Year Funding — year 1 of 2 $60,000 Media Entertainment and Arts Alliance (MEAA) Equity Professional Program 2011 $5,000 Metro Screen Metro Screen Tripartite Agreement $200,000 2009–2010 to 2011–2012 Screen Producers’ Association of Australia (SPAA) SPAA Conference / SPAA March 2010 $20,000 — Multi Year Funding — year 2 of 3 Screen Producers’ Association of Australia (SPAA) SPAA Fringe 2010 — Multi Year Funding $40,000 — year 2 of 2 Northern Rivers Screenworks Ltd Multi Year Funding — year 2 of 2 $25,000 Sydney International Animation Festival (SIAF) Sydney International Animation Festival 2010 $4,000 VIM Incorportated Inscription masterclass and $10,000 workshop series 2011 Women in Film and Television NSW Inc. Media Mentorships For Women 2010 $8,000 X|Media|Lab Multi Year Funding — year 2 of 3 $15,000

TOTAL $455,000

45 Appendix 8A Special Initiatives Contracted in 2010–2011

O rGANISATION Project Amount Australian Cinematographers’ Society Cinematographers’ World Conference 2010 $5,000 Australian Film Institute (AFI) AFI Screenings in 2010 $20,000 Bernard Bories Cinema des Antipodes screenings 2010 $8,000 Screen Producers’ Association of Australia Goa Film Bazaar 2010 $3,000 Sydney Opera House Graphic Animation Film Festival 2011 $30,000 Firelight Projects Pty Ltd Hands On: A Guide To Production $9,000 and Commissioning in All Media Media Reconciliation Industry Network Member contribution to Coordinator position $6,000 Group (Media RING) Sydney Film Festival Peter Rasmussen Innovation Award 2010 $4,545 Sydney Film Festival Peter Rasmussen Innovation Award 2011 $4,545 Producer of the 21st Century Producer of the 21st Century $3,000 The Tunnel Project Pty Ltd The Tunnel $4,500 Melbourne International Film Festival 37 South Market 2010 $5,000

TOTAL $102,590

Appendix 8B Contribution to The Australian Children’s Television Foundation 2010–2011

Australian Children’s Television Foundation $115,000

Appendix 9A Production Attraction Selected Drama Projects Filmed in NSW 2010–2011

P rOJECT Type Production Company 33 Postcards Feature Drama Portal Pictures A Few Best Men Feature Drama Arclight Films Birth of a Warrior Feature Drama RLC Motion Picture Entertainment Mr Perfect Feature Drama Sri Venkateswara Creations Burning Man Feature Drama Meercat Films Captain America: The First Avenger (VFX) Feature Drama Fuel VFX Goddess Feature Drama Wildheart Films Pty Ltd Happy Feet 2 Animated Feature Dr. D Studios Harry Potter and The Deathly Hallows Part 2 (VFX) Feature Drama Animal Logic Love in Space Feature Drama Fox International Pictures (China) Mental Feature Drama Arclight / Universal Oranges — Telegu Language (reshoots) Feature Drama Anjana Productions Prometheus (VFX) Feature Drama Fuel VFX Redd Inc. Feature Drama Green Light Productions Wish You Were Here pka Say Nothing Feature Drama Vivid Films Short Beach pka Best Enemies pka Slag Feature Drama Skott Fri Pictures The Eye of the Storm Feature Drama Bluewater Pictures (brief shoot in Sydney) The Tunnel Feature Drama Distracted Media Thor (VFX) Feature Drama Fuel VFX Wrath Feature Drama Dark Forest Pictures / Wrath Movie Productions Blood Brother Telemovie Playmaker Media Pty Ltd

46 P rOJECT Type Production Company Paper Giants: The Birth of Cleo Telemovie Southern Star Panic at Rock Island Telemovie Goalpost At Home With Julia TV Series/Serials ABC Crownies TV Series/Serials Screentime Dance Academy — Series 2 TV Series/Serials Werner Film Productions East West 101 — Series 3 TV Series/Serials Knapman Films Pty Ltd Filipino TV Drama — Ang Utol Kong Hoodlum TV Series/Serials ABC Development Corporation / TV5 Home and Away TV Series/Serials Seven Network Laid TV Series/Serials Porchlight My Place Part 2 TV Series/Serials Chapman Pictures / Matchbox Pictures Neighbours (Sydney Shoot 2010) TV Series/Serials FremantleMedia Australia Pty Ltd Packed to the Rafters — Series 4 TV Series/Serials Seven Network / Spectrum Films Rescue Special Ops — Series 3 TV Series/Serials Endemol Southern Star Spirited — Series 2 TV Series/Serials Southern Star Entertainment Pty Ltd Underbelly IV: Razor TV Series/Serials Screentime Wild Boys TV Series/Serials Southern Star Oprah House Shows Other Harpo Productions The Gradual Demise of Philippa Finch Other Hopscotch Productions

Appendix 9B Production Attraction Pitches 2010–2011

OUTCOME: SHOT IN / CONSIDERING SHOT TEYP TOTAL CONFIRMED FOR NSW LOCATIONS / UNKNOWN ELSEWHERE Feature 22 82 12 116 Feature Documentary 4 1 5 TV Drama Series 21 15 2 38 TV Documentary Series 8 5 13 Telemovie/TV Mini-Series 1 3 4 Reality Series 18 6 24 Short Film 52 6 1 59 TVC 27 8 2 37 Stills Shoot 4 1 5

TOTAL 157 126 18 301

Appendix 9C Production Attraction Inbound Visits 2010–2011

Gestu Name Company Date of visit Adam Shankman (Director), Garrett Grant (Producer), Warner Bros. 16–20 July 2010 Devorah Herbert (Production Designer) Wayne Blair (Director) Goalpost Pictures 20–22 July 2010 David Hayter (Writer/Director), Jodea Bloomfield (Producer), Allotria Productions / 6–11 October 2010 Benedict Carver (Producer) Dark Hero Studios Cahal Bannon (Line Producer), Kudos / BBC 28 November – Anthony Ainsworth (Production Designer) 5 December 2010 Anthony LaPaglia (Producer), Rob Connolly (Director) Last Straw Productions 14 December 2010 Tony Chan (Director), Connie Tam (Line Producer), Fox International Pictures 10–14 February 2011 Miqi Huang (Development and Production Coordinator) PJ Hogan (Director), Don McAlpine (DOP), Arclight / Universal 9–10 March 2011 Todd Fellman (Producer), Yvonne Collins (Producer)

47 Gestu Name Company Date of visit Anne Fontaine (Director), Sylvie Barthet (Producer) Ciné@ 25 April – 2 May 2011, 4–6 May 2011 Chen Kaige (Director, SFF Jury President), Chen Hong Sydney Film Festival 10, 14 and (Producer), Jonathan Nix (Director), Braden King (Director), 15 June 2011 Phil Rosenthal (Director), Fernando Leon de Aranoa (Director), Patricia de Muns (Producer), Bushra (Actress, Producer), Loubna (Producer’s Assistant), Joshua Marston (Director), Athina Tsangari (Director), Alexander Zeldovich (Director), Miranda July (Director)

Appendix 10 Human Resources Personnel Policies and Practices

Screen NSW continues to demonstrate its support for flexible working practices. All staff are given access to development opportunities and entitlements afforded under the organisation’s personnel practices. All staff are aware of Screen NSW policies that promote equal employment opportunity and flexible working practices.

Appendix 11 Consultants

CATEGORY NUMBER OF ENGAGEMENTS TOTAL COST Consultancies under $30,000 MoneyPenny Services — GST Report 1 $2,500 Systems Knowledge Concepts — Screen Australia Television Review 1 $2,728 Steve Watson & Partners — OH&S Fitout 1 $850 subtotal $6,078

Consultancies over $30,000 Lorsas Pty Ltd 1 $48,000 subtotal $48,000

TOTAL 4 $54,078

Appendix 12 Staff Structure A four-year comparison

CLASSIFICATION AND STAFF NUMBERS AS AT GRADING 30 June 2008 30 June 2009 30 June 2010 30 June 2011 Senior Officer 1 1 1 1 1 Clerk Grade 11/12 2 6 3 3 Clerk Grade 9/10 2 0 1 1 Clerk Grade 7/8 3 4 4 5 Clerk Grade 5/6 2 3 4.6 5 Clerk Grade 3/4 6.6 6 4 4 Clerk Grade 1/2 2 2 1 1

TOTAL 18.6 22 18.6 20

Senior Executive Service

YEAR SES LEVEL POSITION TITLE GENDER 2010–2011 3 Chief Executive Female 2009–2010 2 Chief Executive Female 2008–2009 2 Chief Executive Female 2007–2008 2 Chief Executive Female

48 Appendix 13 Wages and Salaries Exceptional Movements

The Crown Employees (Public Service Conditions of Employment) Award 2009 increased rates of pay and related allowances by 4% for staff. The 4% increase had effect from the beginning of the first full pay period on or after 1 July 2010.

Appendix 14 Staff Movements

Screen NSW welcomed 8 new employees to Screen NSW during 2010–2011, including part-time and casual employees. 6 employees left Screen NSW during 2010–2011.

Appendix 15 Staff Development

Staff across the organisation were encouraged to take part in industry conferences and seminars, including the Screen Producers Association of Australia (SPAA) Conference, SPAA Fringe, the Australian International Documentary (AIDC) Conference, the Australian Subscription Television and Radio Association (ASTRA) Conference, X|Media|Lab and two executives attended the Asia-Australia Media Executive Leadership Program.

Appendix 16 Accounts Payable Performance

Aged Analysis at the end of each quarter

Current Less than Between 30 Between 60 More than Qarteru (i.e. within 30 days and 60 days and 90 days 90 days due date) overdue overdue overdue overdue September 2010 $144,290 $1,843,766 $70,097 $15,254 $5,467 December 2010 $880 $4,417,777 $428,631 $14,688 $49,778 March 2011 $2,299 $3,485,468 $140,304 $27,722 $35,256 June 2011 $16,731 $2,588,961 $344,236 $49,099 $5,087

Accounts paid on time within each quarter

Qarteru Target % Actual % Actual $ Total Amount Paid September 2010 80 96 1,988,056 $2,078,874 December 2010 80 90 4,418,657 $4,911,754 March 2011 80 94 3,487,767 $3,691,049 June 2011 80 87 2,605,692 $3,004,115

Appendix 17 Risk Management and Insurance

Screen NSW is committed to risk management and has strategies to address internal risks to its operations through policies, procedures and internal controls. External risks, and the management strategies to control them, are part of the Department’s strategic planning and performance management process and are included in its Results and Services Plan. The Department’s strategic risks include business continuity, legislative compliance, human resources, fraud and corruption, and physical assets. The Department manages insurable risks by insurance policies as part of the NSW Treasury Managed Fund. Insurance Screen NSW has full workers compensation, property, liability and miscellaneous cover provided by the Treasury Managed Fund (TMF) that is currently managed by Allianz Australia Insurance Ltd (workers compensation) and GIO General Ltd (all other insurances). The TMF is a government-wide self-insurance scheme that provides a systematic and coordinated approach to the practice of risk management. Under this scheme, benchmarking was introduced to gauge risk management performance with insurance premiums determined by a combination of benchmarks and the Department’s claims experience.

49 Appendix 18 Reviews and Audits Undertaken

In accordance with the Internal Audit Plan approved by the Audit and Risk Committee of the Department of Trade, Investment, Regional Infrastructure and Services, an internal audit of the Industry Development Fund was undertaken in 2010–2011. The review did not identify any major deficiencies in the control environment of the Industry Development Fund. A number of recommendations to improve the overall transparency and efficiency of the process were consequently implemented by Management.

Appendix 19 Review of Credit Card use

No irregularities in the use of corporate credit cards have been recorded in 2010–2011. The Chief Executive certifies that credit card use in Screen NSW has been in accordance with Premier’s Memoranda and Treasurer’s Directions.

Appendix 20 Cost of the Annual Report

The total cost of producing and printing the Screen NSW Annual Report 2010–2011 is $7,710 exclusive of GST, including 50 paper copies. A digital version of the Annual Report is available from Screen NSW website at www.screen.nsw.gov.au. From the homepage select ‘Resources’, then ‘Publications’, then ‘Annual Reports’.

Appendix 21 Departmental Representatives on Significant Committees

Tania Chambers // Ausfilm Board: Screen Agency Board Position // Ausfilm Executive Committee // Ausfilm Audit Committee // National Screen Finance Group // Media Reconciliation Industry Network Group (RING) Chair // Vivid Sydney Advisory Board

Kya Blondin // National Green Screen Committee Chair // UNESCO City of Film Management Committee

Appendix 22A Board Meetings

ATTENDED ELIGIBLE APOLOGIES Ken Reid 7 8 1 Ross Gibson 4 4 0 Rosemary Blight 6 8 2 Troy Lum 1 4 3 Geoffrey Atherden 7 8 1 Michelle Rowland 2 2 0 Trisha Heaton 6 8 2 Helen Wright 5 5 0 Sue Murray 4 4 0 Darren Dale 3 4 1

50 Appendix 22B Significant Committees of the Agency

ATTENDED ELIGIBLE APOLOGIES Ross Gibson 3 4 1 Rosemary Blight 8 8 0 Geoffrey Atherden 3 3 0 Ken Reid 7 8 1

Appendix 23 Overseas Travel

NAME OF OFFICER COUNTRY VISITED PERIOD OF TRAVELPURPOSE Paul de Carvalho China 10–13 July 2010 Chinese Animation Market Paul de Carvalho USA 7–14 August 2010 Meet with studios and producers in LA with Sue McCreadie to attract productions to NSW Ashley Luke Canada and USA 7–23 September 2010 Toronto International Film Festival and Market. No Borders Finance market in New York Megan Simpson Canada and USA 7–23 September 2010 Toronto International Film Festival and Market Huberman Nerida Moore France 29 September – MIPCOM 2010 11 October 2010 Tania Chambers France 29 September – MIPCOM 2010 11 October 2010 Paul de Carvalho USA 23 October – Ausfilm week in LA 1 November 2010 Tania Chambers Singapore 7–9 December 2010 Asian Television Awards and Advisory Board Meeting Tania Chambers France 8–20 May 2011 Cannes International Film Festival and Market Paul de Carvalho China 20–26 April 2011 Beijing International Film Festival Megan Simpson USA 30 May – 7 June 2011 LA International Co Production Showcase Huberman Paul de Carvalho USA 30 May – 7 June 2011 LA International Co Production Showcase Paul De Carvalho Singapore 7–11 June 2011 Screen Singapore Event

Appendix 24 Screen NSW Publications

// Stacks of Facts: Digital publication updated as required. // E-newsletter: 23 issues in 2010–2011 // ‘The Place to Create’ Postcards // Unforgettable Sydney: The Memory Game // Annual Report

Appendix 25 Major Works in Progress

Nil to report.

Appendix 26 Government Energy Management Policy

Screen NSW is committed to energy management principles and to achieving sustained reduction in energy use. Screen NSW is a small office-based agency situated within theD epartment of Trade, Investment, Regional Infrastructure and Services (TIRIS) at the MLC Centre, 19 Martin Place, Sydney. Data regarding energy usage is included in the TIRIS Annual Report 2010–2011.

51 Appendix 27 Services to women

The NSW Government published its Action Plan for Women in November 1996. The key objectives of this plan are: // to reduce violence against women; // to promote safe and equitable workplaces which are responsible to all aspects of women’s lives; // to maximize the interests of women in micro-economic reform; // to promote the position of women in society; // to improve access to educational/training opportunities for women; and // to improve the health and quality of life for women.

All programs of assistance offered by Screen NSW are open to women. In 2010–2011 support and funding was provided to women in the following select programs: // Early Stage Development and Advanced Development and Marketing — 95 applications funded, 63 were women applicants. // Production Finance — 43 applications funded, 39 were women applicants. Emerging Filmmakers Fund — 7 applications funded, 10 were women applicants. // VFX Placement Scheme — 5 applications funded, 3 were women. // Regional Filming Fund — 5 applications funded, 1 was a women applicant.

Note: Some applications are joint applications.

Appendix 28 Freedom of Information

The Government Information (Public Access) Act 2009 (GIPA) replaced the former Freedom of Information Act 1989 effective from 1 July 2010. The Department of Trade and Investment, Regional Infrastructure and Services (TIRIS) centrally manages all GIPA applications and related matters on behalf of Screen NSW. GIPA details and statistics for Screen NSW are included in the consolidated information shown in the GIPA section of the TIRIS Annual Report 2010–2011.

Appendix 29 Report on Occupational Health and Safety

Two injury reports were lodged during 2010–2011, including one injury that resulted in four days of lost time. There were no work related illnesses or prosecutions under the Occupational Health and Safety Act 2000.

Appendix 30 Electronic Service Delivery

Initiatives undertaken by Screen NSW include updating of all program application forms to electronic format. Provision of information relating to Screen NSW funding deadlines, events and initiatives was provided online, via the website and electronic newsletters.

Appendix 31 Recycling Report

Screen NSW’s waste paper was collected on a regular basis for recycling. Recycled paper was used where possible in photocopiers and laser printers.

Appendix 32 Disability Action Plan

D uring the reporting period, disability issues were included in the Screen NSW Induction program for new staff. During 2010–2011, Screen NSW promoted access and participation in Screen NSW activities and projects by people with disabilities, where possible ensued that premises and external facilities were accessible and adhered to the principles of equity and access in recruitment. Screen NSW is committed to improving access to premises and events for people with disabilities, particularly in relation to emergency evacuation procedures. Screen NSW will also continue to promote positive community attitudes and participation. In addition Screen NSW will increase staff awareness of disability issues and ensure recruitment processes are equitable. Screen NSW will make reasonable adjustment to premises as required and will provide services to people with disabilities to promote participation.

52 Appendix 33 Personal Information and Privacy

Screen NSW is required to comply with the Privacy and Personal Information Protection Act 1998. Screen NSW collects the minimum personal information to enable it to contact an organization and to assess the merits of an application. An application may be hindered if the information requested is not supplied. Applications with associated personal details are accessible by Screen NSW staff members and assessment panel, the Minister for the Arts and their staff. Bank account details relating to electronic funds transfer payments are accessible by relevant staff. Privacy laws bind all staff. Personal information obtained from applications or otherwise provided to Screen NSW may be retained on Screen NSW databases and used to advise applicants of screen-industry related information in the future. Applicants must ensure that people whose personal details are supplied with their applications are aware that Screen NSW is being supplied with this information and of how this information will be used by Screen NSW. In accordance with privacy legislation in cases where Screen NSW has been requested to provide information about screen organisations to a third party, Screen NSW will provide only general contact details. It will disclose the names of individuals associated with the organisation only if these are publicly available.

Appendix 34 Conflict of Interest

Board members and senior management must keep the Board advised, on an ongoing basis, of any interest that could potentially conflict with those of the organisation. The Board has developed procedures to assist Board members and senior management to disclose potential conflicts of interest.

Appendix 35 Legal Change

Nil to report.

Appendix 36 Client Response

Screen NSW received complaints from two complainants. These were handled in accordance with the Screen NSW Feedback Review and Formal Complaints Procedure, which is available on the Screen NSW website.

Appendix 37 Guarantee of Service

Service standards // Responses to correspondence within three weeks of receipt; // Telephone inquiries to be addressed within two working days or progress advice to be given in each period of three working days where the matter is unable to be resolved quickly; // Decisions on script and project applications, in normal circumstances, to be made within 4–6 weeks of receipt of the application; // The advice to script and project applicants, in normal circumstances, to be made within three working days of the decision; // The advice to tender applicants of their success or otherwise within three working days of the approval of recommendations; // Whenever sought, general information of the Office’s activities (i.e. brochures, guidelines, etc.) to be provided within one week of the written or verbal request; and // Discretion and confidentiality of customers’ projects and requests to be maintained.

Confidentiality Screen NSW staff are required to maintain and keep confidential to Screen NSW all confidential information which they receive in the course of their employment with Screen NSW relating the affairs of Screen NSW, the affairs of clients of Screen NSW or any other party which has dealings with Screen NSW. This extends to information gained by employees, the confidentiality of which is not readily apparent. Specifically, staff of Screen NSW must not expressly or inadvertently disclose any confidential information relating to Screen NSW or its clients or any party dealing with Screen NSW to any third party without the prior approval of the Chief Executive.

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